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Technology Stocks : Loral Space & Communications
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To: Sawtooth who wrote (6135)5/13/1999 2:25:00 AM
From: SafetyAgentMan  Read Replies (1) of 10852
 
Get Ready for the Liberty Media announcement. The following is from SykReport.Com "Lockheed Martin Steps Up Comsat Buy Lockheed Martin reportedly wrapped up an antitrust agreement with the Department of Justice that could help the company move ahead with its proposed $3.2 billion acquisition of Comsat. Provisions include requiring Lockheed Martin to sell its 14 percent stake in Loral Space & Communications, according to Bloomberg and statements filed with the Securities and Exchange Commission. Lockheed Martin has said in the past that the sale of Loral shares could help it raise money for the Comsat acquisition. The company said in the SEC filing that it has negotiated terms with the government "which could form the basis of a consent order that would resolve" an antitrust review. The agreement is not yet final, Lockheed's filing said. The acquisition of Comsat could help Lockheed Martin become a serious player in the commercial satellite business."
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