Talks to Sell Loral, Telesat Break Down, Report Says

By Dow Jones Business News, 
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Talks between Loral Space & Communications Inc. ( LORL ) and a group interested in buying Loral and Telesat Holdings Inc. have fallen apart over pricing issues, Reuters reported Monday on its website, citing people familiar with the matter.

Loral, which holds a 63% economic interest in Telesat, rejected an offer from a group involving the Ontario Teachers Pension Plan and Canada's Public Sector Pension Board, which has a 35% economic interest in Telesat, Reuters reported.

The parties are no longer negotiating a deal, the people said.

Full story at: www.reuters.com/article/2014/06/23/us-loral-space-sale-idUSKBN0EY2Q220140623

Write to nymonitoring@dowjones.com

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  06-23-141915ET
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