Space Systems/Loral and Sea Launch Form Independent Oversight Board
Second Request for Information Under Hart-Scott-Rodino
Antitrust Improvements Act Received by Loral and MDA
Loral Space &
Communications Inc. announced that Loral and
MacDonald, Dettwiler and Associates Ltd. (MDA) have each
received a second request for information from the United
States Department of Justice (DOJ) in connection with the
agreement to sell
Space Systems/Loral, Inc. (SS/L) to MDA. The DOJ is
reviewing the transaction as part of the regulatory process
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended (HSR Act), and Loral and MDA will continue to
cooperate fully with the DOJ in connection with its review.
Loral believes that the focus of the government inquiry is
primarily on the satellite communications antenna business in
general and MDA's antenna business in particular. The effect of
the second request will be to extend the waiting period under
the HSR Act until 30 days after there has been substantial
compliance with the requests.
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