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Globalstar Announces New Investor.

Publication: PR Newswire
Publication Date: 18-NOV-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN JOSE, Calif., Nov. 18 /PRNewswire/ -- Globalstar today announced that it has filed a notice of material terms of a proposed transaction with the U.S. Bankruptcy Court in Delaware. Globalstar has requested Court approval for a new acquisition agreement with Thermo Capital Partners, which would give Thermo an 81.25% ownership of a new company that would take control of Globalstar's assets and...

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