Ontario Teachers and PSP near deal for Loral: Reuters

Ontario Teachers Pension Plan and Public Sector Pension Investment Board (PSP Investments) are nearing a deal to acquire Loral Space & Communications Inc, Reuters reported. If the parties can reach a deal, the two pension funds will own Telesat Holdings Inc, the Canadian satellite communications company which Loral owns a 62.8 percent share of and derives almost of all its value from. A deal could be announced as soon as December.

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