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Article: SkyTerra Communications, Inc. Announces Going-Private Transaction.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- October 7, 2009
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SkyTerra (OTCBB:SKYT) announced that it has entered into a definitive merger agreement for SkyTerra 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. Under the terms of the agreement, the new corporation will pay $5.00 in cash per share for each of SkyTerra's outstanding shares of common stock not held by Harbinger or its affiliates. The purchase price represents a premium of approximately 56% over the average closing price of SkyTerra's common stock for the thirty days ended September 22, 2009, the last day before the announcement of the ...
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Article: Motient, Skyterra Close MSS Consolidation Moves.
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... ... 1 million shares of Skyterra common stock. As a result, Motient ... Terrestar, 45 percent of Skyterra and 17 percent of MSV ... that closed today, Skyterra issued approximately ... million shares of its common stock to the other former ...
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