WASHINGTON, Sept. 30, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from a going private transaction by SkyTerra Communications, Inc. ("SkyTerra" or the "Company") (OTCBB:SKYT). Under the deal, SkyTerra will be acquired by the Company's largest shareholder, Harbinger Capital Partners ("Harbinger"), for $280 million. SkyTerra shareholders will receive approximately $5.00 for each share of common stock they own.
The investigation is focused on the potential unfairness of the proposed acquisition price and of the process by which the Company's Board of Directors is addressing the offer, particularly since Harbinger already holds 48% of SkyTerra's voting common stock and 49% of SkyTerra's voting and non-voting common stock combined.
If you are interested in discussing your rights as a SkyTerra shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.