Canadian satellite company, Telesat, is considering takeover bids from EchoStar and Carlyle Group, Bloomberg reports. Telesat may also consider a special dividend as a substitute to a sale if the bids do not meet expectations.
Telesat, co-owned by Loral Space & Communications and Canada’s Public Sector Pension Investment Board, is looking to raise at least $6 billion from the sale. Blackstone Group, which also placed a bid, got terminated from a bidding group that includes KKR.
Click here for the story from Bloomberg.