MHR Fund Management

MHR Fund Management Reports Ownership Interest in Telesat

Retrieved on: 
Tuesday, November 23, 2021
Public sector, Partnership, Partnership accounting, Review, Telesat, Tele-Communications Inc., NOT, SEDAR, Disclosure, Time, Industry, Company, Loral Space & Communications, Elgin, WIRE, NEWS, MHR, GLOBE, Class, MHR Fund Management, Public Sector Pension Investment Board, Ownership, NEW, National, FOR, Transaction, Security (finance)

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- MHR Fund Management LLC (“MHR”) announced today that it has acquired control over 18,035,092 Class B units (“Class B Units”) of Telesat Partnership LP (the “Partnership”) in exchange for the 18,035,092 shares of Loral Space & Communications Inc. (“Loral”) common stock over which it previously exercised control. In addition, Mark H. Rachesky, M.D., the founder and President of MHR, acquired ownership of 15,000 Class B Units and 46,136 Class B variable voting shares (“Class B Shares”) of Telesat Corporation (the “Company”) in exchange for securities of Loral previously held by him.

Key Points: 
  • NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- MHR Fund Management LLC (MHR) announced today that it has acquired control over 18,035,092 Class B units (Class B Units) of Telesat Partnership LP (the Partnership) in exchange for the 18,035,092 shares of Loral Space & Communications Inc. (Loral) common stock over which it previously exercised control.
  • In addition, Mark H. Rachesky, M.D., the founder and President of MHR, acquired ownership of 15,000 Class B Units and 46,136 Class B variable voting shares (Class B Shares) of Telesat Corporation (the Company) in exchange for securities of Loral previously held by him.
  • Prior to the closing of the Transaction, neither MHR nor Dr. Rachesky owned any securities of the Company or the Partnership.
  • The head office of each of the Company and the Partnership is located at 160 Elgin Street, Ottawa, Ontario K2P 2P7, Canada.

Telesat Becomes a Public Company, Marking A Significant Milestone in Support of its Compelling Growth Strategy

Retrieved on: 
Friday, November 19, 2021
Stikeman Elliott, Government, Molecular orbital, Sale, Paramount Communications, Inc. v. Time Inc., LLP, Hank, Canada, Toronto Stock Exchange, Loral Space & Communications, PSP, TSAT, Goldman Sachs, Scotiabank, Solution, TSX, Chartered Professional Accountant, Wachtell, Lipton, Rosen & Katz, U.S. Securities and Exchange Commission, Form 6-K, Dual-listed company, Twitter, GLOBE, Class, Public Sector Pension Investment Board, System, MHR Fund Management, Nasdaq, Board, Ownership, Securities and Exchange Commission (Nigeria), Investment, Engineering, LinkedIn, NASDAQ, BMO Capital Markets, Growth, Transaction, LEO, Security (finance), Communications satellite, Management

Telesat Canada and Loral have become subsidiaries of Telesat Corporation, the Canadian controlled and incorporated public holding company formed in connection with the Transaction.

Key Points: 
  • Telesat Canada and Loral have become subsidiaries of Telesat Corporation, the Canadian controlled and incorporated public holding company formed in connection with the Transaction.
  • Telesat Corporation will continue to be led by Telesats President and Chief Executive Officer Dan Goldberg.
  • Todays announcement marks a major milestone for Telesat, driving forward our plans for growth, innovation and increased value for our customers, partners, employees and shareholders, said Goldberg.
  • PSP Investments and other shareholders of Telesat Canada have also exchanged their shares or equity awards into shares or equity awards of Telesat Corporation or units of Telesat Partnership.

LORAL SPACE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Loral Space & Communications Inc. - LORL

Retrieved on: 
Friday, January 22, 2021
Legal, Professional services, Charles Foti, Foti, Loral Space & Communications, Loral, MHR Fund Management, Telesat, Telecommunications, New Orleans, LOUISIANA

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed merger of Loral Space & Communications Inc. (NasdaqGS: LORL) with Telesat Canada pursuant to which Loral shareholders not affiliated with the funds managed by MHR Fund Management LLC will end up owning just 26.1% of the combined company.
  • KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Raymond T. Miller Appointed to Navistar Board of Directors

Retrieved on: 
Thursday, April 19, 2018
Business, Economy, Navistar International, MHR Fund Management, MHR, Board of directors

LISLE, Ill., April 19, 2018 /PRNewswire/ --Navistar International Corporation (NYSE: NAV) today announced Raymond T. Miller has been named to the company's board of directors, effective immediately.

Key Points: 
  • LISLE, Ill., April 19, 2018 /PRNewswire/ --Navistar International Corporation (NYSE: NAV) today announced Raymond T. Miller has been named to the company's board of directors, effective immediately.
  • Miller replaces Michael Sirignano, who has resigned from the board after serving for more than four years.
  • Miller is a Principal at MHR Fund Management LLC and serves on the board of directors at Erickson, Inc., a leading aerospace manufacturer and global provider of aviation services.
  • Sirignano joined Navistar's board of directors in March 2014, when he was serving as a Principal at MHR Fund Management LLC.