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Thursday, March 12, 2015

Takeover Digest- Canada- March 12, (NMS: LORL)

The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL** An information technology manager at MacDonald Dettwiler & Associates Inc is facing accusations of insider trading and tipping in advance of a takeover deal the company negotiated in 2012. The Ontario Securities Commission alleged Satish Talawdekar learned about his company's plans to acquire a major subsidiary of Loral Space & Communications Inc in 2012, and used his personal line of credit to purchase C$44,365 ($34,972) worth of MDA shares just days before the company announced the deal. (

Loral Space & Communications Inc. (Loral) is a holding company. Shares of LORL traded higher by 0.08% or $0.06/share to $71.17. In the past year, the shares have traded as low as $64.23 and as high as $81.53. On average, 53770 shares of LORL exchange hands on a given day and today's volume is recorded at 29992.