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Intelsat proposed an initial public offering of more...

Intelsat proposed an initial public offering of more than 21 million common shares and a concurrent public offering of 3 million Series A preferred shares. Intelsat granted the underwriters in the initial public offering of common shares a 30-day option…

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to buy up to an additional 3,260,869 common shares, it said in a press release (http://bit.ly/16tKM8E). The company said it granted the underwriters in the public offering of Series A preferred shares a 30-day option to purchase up to an additional 450,000 Series A preferred shares.