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Stock Market & Financial Investment News

News Breaks
June 24, 2014
09:18 EDTLORLLoral Space rejects takeover offer, Reuters says
Loral Space & Communications rejected an offer from a consortium involving two Canadian pension groups that valued it at more $80 per share and its main asset, Telesat Holdings, at roughly $7B including debt, according to Reuters, citing people familiar with the matter. Loral shares are down more than 5% in pre-market trading following the report, which added that Loral's efforts to sell itself have broken down following the rejection of the bid. Reference Link
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