 |  |  |  |  |  |
| Protecting the Rights of Shareholders and Consumers |
SkyTerra Communications, Inc. Securities Litigation
SkyTerra Communications, Inc. (OTCBB: SKYT) shareholder litigation over alleged unfair takeover
On September 23, 2009, SkyTerra Communications, Inc. (“SkyTerra” or the “Company”) announced that it agreed to sell the
Company to Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P
(“Harbinger”). Under the terms of the agreement, SkyTerra shareholders will receive $5.00 in cash for each share of SkyTerra
common stock they own.
The investigation concerns whether the price that the SkyTerra Board agreed to is fair given that Harbinger and its affiliates
together hold approximately 48% of SkyTerra's outstanding voting common stock and approximately 49% of SkyTerra's voting and
non-voting common stock combined and at least one analyst has set an $8.00 price target for SkyTerra stock.
On September 23, 2009, SkyTerra Communications, Inc. (“SkyTerra” or the “Company”) announced that it agreed to sell the
Company to Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P
(“Harbinger”). Under the terms of the agreement, SkyTerra shareholders will receive $5.00 in cash for each share of SkyTerra
common stock they own.
The investigation concerns whether the price that the SkyTerra Board agreed to is fair given that Harbinger and its affiliates
together hold approximately 48% of SkyTerra's outstanding voting common stock and approximately 49% of SkyTerra's voting and
non-voting common stock combined and at least one analyst has set an $8.00 price target for SkyTerra stock.
