CARLSBAD, Calif., Oct. 3, 2018 /PRNewswire/ -- Viasat Inc.,
(Nasdaq: VSAT), a global communications company, announced today it
has invited The Baupost Group, L.L.C. ("Baupost") to participate in
meetings of Viasat's Board of Directors in a non-voting observer
capacity.
"As a decade-long investor in Viasat, we remain excited about
the Company's growth potential in both its defense and commercial
businesses," said Greg Ciongoli,
partner, The Baupost Group. "We appreciate this opportunity to
contribute to boardroom discussions."
"Baupost has a successful long-term philosophy of value
investing," said Mark Dankberg,
chairman and CEO, Viasat. "Inviting Baupost to participate as a
Board observer provides us with an opportunity to capitalize on
their strategic insight, as well as their valuable financial and
investment expertise."
About Viasat
Viasat is a global
communications company that believes everyone and everything in the
world can be connected. For more than 30
years, Viasat has helped shape how consumers, businesses,
governments and militaries around the world communicate. Today, the
Company is developing the ultimate global communications network to
power high-quality, secure, affordable, fast connections to impact
people's lives anywhere they are—on the ground, in the air or at
sea. To learn more about Viasat, visit: www.viasat.com,
go to Viasat's Corporate Blog, or follow the Company on
social media
at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking Statements
This press release
contains forward-looking statements that are entitled to the
protection of the safe harbors created under the Securities Act of
1933 and the Securities Exchange Act of 1934. Forward-looking
statements include statements about Viasat's ability to
capitalize on the strategic insight, and financial and investment
expertise of Baupost. Readers are cautioned that actual results
could differ materially and adversely from those expressed in any
forward-looking statements. Factors that could cause actual results
to differ include: the ability to realize the anticipated benefits
of Baupost's participation as an observer; interests that may be
different from, or in addition to, those of Viasat stockholders
generally; regulatory constraints in the communications industry;
Viasat's response to technological changes, increased competition
and shifting market demand; contractual problems, product defects,
manufacturing issues or delays, regulatory issues, and technologies
not being developed according to anticipated schedules, or that do
not perform according to expectations. In addition, please refer to
the risk factors contained in Viasat's SEC filings
available at www.sec.gov, including Viasat's most
recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation to
update or revise any forward-looking statements for any reason.
Copyright © 2018 Viasat, Inc. All rights reserved. All other
product or company names mentioned are used for identification
purposes only and may be trademarks of their respective
owners. Viasat is a registered trademark of Viasat,
Inc.
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SOURCE Viasat, Inc.