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February 25, 1997updated 05 Sep 2016 1:01pm

LORAL TO BUY REST OF SPACE SYSTEMS LORAL

By CBR Staff Writer

Loral Space & Communications Ltd, New York successfully completed talks to acquire the 49% stake in Space Systems Loral that it does not already own. It will pay $374m for the minority stake – $93m in cash, $131m in shares and $150m in convertible preferred obligations.

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