Loral Loses ViaSat Patent Matter, But Could Be A Win For Shareholders
- News reports indicate Loral has identified a front-runner to acquire it -- Ontario Teachers' Pension Board.
- Loral lost its patent litigation with ViaSat, but allows for potential sale of Loral to go forward.
- While Loral's potential $200 million damages liability reduces potential value in a transaction, jury awards are not dispositive and damages could be lowered.
- Investors should learn more when Telesat reports Q1 earnings results and "other matters" on May 1.