Second Request for Information Under Hart-Scott-Rodino Antitrust Improvements Act Received by Loral and MDA


NEW YORK, NY — (Marketwire) — 09/12/12 — Loral Space & Communications Inc. (NASDAQ: LORL) today announced that Loral and MacDonald, Dettwiler and Associates Ltd. (MDA) have each received a second request for information from the United States Department of Justice (DOJ) in connection with the agreement to sell Space Systems/Loral, Inc. (SS/L) to MDA. The DOJ is reviewing the transaction as part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), and Loral and MDA will continue to cooperate fully with the DOJ in connection with its review. Loral believes that the focus of the government inquiry is primarily on the satellite communications antenna business in general and MDA’s antenna business in particular. The effect of the second request will be to extend the waiting period under the HSR Act until 30 days after there has been substantial compliance with the requests.



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