Loral Creditors Make a Stir

  • Thread starter silversurfer
  • Start date
  • Replies 0
  • Views 1K
silversurfer

silversurfer

Thread Starter
Supporting Founder
Supporting Founder
Sep 8, 2003
1,147
1
Las Vegas, Nevada
From our friends at SkyReport.com

A committee of Loral's unsecured creditors filed a document with the court handling the company's bankruptcy matter that suggested consideration should be given to additional companies eyeing Loral's assets.

According to sources, the bankruptcy court filing from the committee stated that any effort to sell Loral's North American satellite fleet to Intelsat should take into consideration other interests. The group said EchoStar, which has been eyeing Loral's assets, may not have made its final offer, and other bidders may surface, providing "vastly" higher value to Loral.

Loral and EchoStar wouldn't offer comment on the development
 

Similar threads

AndyMon
Replies
2
Views
2K
Stargazer
Stargazer
S
Replies
0
Views
882
SatelliteGuys Reporter
S
S
Replies
0
Views
865
SatelliteGuys Reporter
S
silversurfer
Replies
0
Views
1K
silversurfer
silversurfer

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Top