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LORAL SPACE & COMMUNICATIONS INC.

(LORL)
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Loral Space & Communications Inc. Announces Board Changes

11/19/2021 | 04:18pm EST

Loral Space & Communications Inc. in connection with the consummation on November 18, 2021 and November 19, 2021 (the ? Closing Date?) of the transactions contemplated by the Transaction Agreement and Plan of Merger (as amended, the ? Transaction Agreement?), dated as of November 23, 2020, as amended on June 24, 2021, by and among Telesat Canada (?Telesat?), Telesat Corporation (?Telesat Corporation?), Telesat Partnership LP (?Telesat Partnership?), Telesat CanHoldco Corporation, Loral, Lion Combination Sub Corporation (?Merger Sub?), Public Sector Pension Investment Board (? PSP Investments?) and Red Isle Private Investments Inc., pursuant to which, among other things, Merger Sub merged with and into Loral (the ? Merger?), with Loral surviving the merger as a wholly owned subsidiary of Telesat Partnership. Effective at the Effective Time, all of the directors of Loral ceased serving as directors of Loral. In addition, all of the officers of Loral, including all Section 16 executive officers, ceased serving in their capacity as officers of Loral. Effective at the Effective Time, Andrew Browne and Christopher DiFrancesco were elected as the directors of Loral, Daniel Goldberg was appointed as the President and Christopher DiFrancesco was appointed as the Secretary of Loral, each to hold office in accordance with the certificate of incorporation and bylaws of Loral until their respective successors are duly elected or appointed and qualified.


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Financials (USD)
Sales 2020 - - -
Net income 2020 93,1 M - -
Net cash 2020 31,3 M - -
P/E ratio 2020 7,03x
Yield 2020 -
Capitalization 1 284 M 1 284 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 12
Free-Float -
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Managers and Directors
Daniel S. Goldberg President & Chief Executive Officer
Janet Cannon Chairman
Arthur L. Simon Independent Director
Janet T. Yeung Independent Director
Michael B. Targoff Vice Chairman