Ontario Teachers, PSP renew offer for Loral Space: Reuters
A consortium of two Canadian pension funds renewed its offer for satellite manufacturer Loral Space & Communications Inc, Reuters reported, citing a Wall Street Journal story. The Ontario Teachers' Pension Plan and Public Sector Pension Investment Board (PSP), recently approached Loral again about a deal, sources said. Loral's efforts to sell itself and its main asset, Telesat Holdings Inc, broke down earlier this year after the company failed to agree on a potential US$7 billion deal with the consortium.
29 October 2014•2 mins read
