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Technology Stocks : Loral Space & Communications

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To: gdichaz who wrote (2131)	3/9/1998 12:34:00 PM
From: Snake	Read Replies (1) of 10852

Assuming Orion deal closing takes place immediately after the ONSI shareholder meeting on March 20, 1998, the exchange ratio will be based on a Loral price of $24.68652. This price is based on the volume weighted average for the 20 trading days commencing Feb 26 and ending March 6. The exchange ratio would then be .71553. Loral will thus issue approximately 20,034,840 shares to ONSI shareholders (Approx 28,000,000 * .71553). Source for Loral determination price: ONSI stock hotline (301)721-2626.

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