Loral Declares Distribution of $29.00 per Share
| Loral
Space & Communications Inc. announced that, in
connection with receipt of proceeds from the
sale of its former subsidiary
Space Systems/Loral, its
Board of Directors has declared a special
distribution of $29.00
per share for an aggregate distribution of up to
$899.3 million. The distribution is
payable on December 4, 2012 to
holders of record of Loral voting and non-voting
common stock as of November 19, 2012.
As of November 6, 2012, there
were outstanding 21,250,279 shares of Loral
voting common stock, 9,505,673 shares of Loral
non-voting stock and 256,098 stock options and
restricted stock units. |
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