Loral Space & Communications Ltd. (LORL) rejected an offer worth $7 billion to sell itself and its primary asset, Telesat Holdings Inc, according to Reuters. The offer from a Canadian consortium group failed to persuade Loral, which did not agree over a small price gap.
Loral Space & Communications has a 62.8% economic interest in Telesat. Almost all of Loral’s revenues are generated from Telesat, which offers satellite services to its clients. Loral and Canadia ...
Full article at: bidness etc
Jun 24 2014, 9:43am CDT