Loral Gets $220 Million in Satellite Orders; Rejects EchoStar Bid
SATELLITE BUSINESS Loral Space & Communications has rejected what it termed an "informal offer" from EchoStar Communications Corp. to buy its assets for $1.85 billion. That leaves standing a formal offer from Intelsat to buy Loral's six North American satellites for $1.1 billion as the only bid...
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