Loral and MDA Receive Approval for SS/L Sale From the CFIUS
Loral Space & Communications Inc. (NASDAQ: LORL) today announced that Loral and MacDonald, Dettwiler and Associates Ltd. (MDA) were notified today by the Committee on Foreign Investment in the United States (CFIUS) that CFIUS had concluded its review and investigation of the proposed sale of Space Systems/Loral, Inc. (SS/L) by Loral to a subsidiary of MDA and determined that there are no unresolved national security concerns with respect to the transaction.
The transaction remains subject to the receipt of certain other regulatory approvals and the satisfaction of other customary closing conditions and is expected to close in the fourth quarter of 2012.
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Source : Space Systems/Loral