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Article: Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of SkyTerra Communications, Inc.
- Article from:
- Business Wire
- Article date:
- September 23, 2009
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BENSALEM, Pa. -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of SkyTerra Communications, Inc. ("SkyTerra" or the "Company") (OTCBB:SKYT), related to the proposed "going-private" transaction for the Company to be acquired by a new corporation formed and indirectly wholly-owned by Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (collectively, "Harbinger").
Under the terms of the definitive merger agreement entered into by the parties, the new corporation will pay $5.00 in cash for each outstanding share of SkyTerra common stock not held ...