3,314,960 SHARES OF LORAL COMMON STOCK TO BE OFFERED IN SECONDARY OFFERING.NEW YORK--(BUSINESS WIRE)--June 1, 1995--Loral Corporation (LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. :NYSE NYSE See: New York Stock Exchange ) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a secondary public offering of 3,314,960 shares of its common stock, which are to be sold on behalf of the Lehman Brothers Merchant Banking Partnerships. The shares represent the Merchant Banking Partnerships' total remaining holdings of Loral common stock. Loral will not receive any of the proceeds from the sale of the shares. The offering is to be underwritten by Lehman Brothers. Loral has 85 million common shares outstanding. Loral Corporation, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a high-technology company that primarily concentrates on defense electronics, communications, space and systems integration. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders may be obtained from Lehman Brothers, American Express Tower, World Financial Center, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10285. CONTACT: Joanne Hvala (212) 691-1105 |
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