Telesat and Loral combination (Telesat Corporation)
Loral, PSP Investments and Telesat combined under Telesat Corporation, which listed on Nasdaq and the TSX.
- Company
- Telesat Canada and Loral Space & Communications
- Type
- M&A
- Status
- Completed
- Date
- 19 Nov 2021
- Value
- Not disclosed
- Value basis
- Share exchange; no new cash raised
- Region
- Canada
- Segment
- Satellite operators
Parties
- Loral Space & Communications merger partner
- PSP Investments merger partner
- Telesat Canada merger partner
Key terms
- Structure
- Each Loral share became one Telesat Corporation share or one Telesat Partnership unit
- Listing
- Nasdaq and TSX: TSAT
Sources
- Telesat 6-K: completion of the Loral transaction sec.gov · 19 Nov 2021
Record ORB-INV-2021-0023. Investments are kept apart from the financings register and never counted in debt totals.
