Nov 24 (Reuters) - Loral Space & Communications Inc LORL.O :
* LORAL ENTERS INTO AGREEMENT WITH PSP INVESTMENTS AND TELESAT TO COMBINE LORAL AND TELESAT INTO A NEW PUBLIC COMPANY
* LORAL SPACE & COMMUNICATIONS - STOCKHOLDERS NOT AFFILIATED WITH FUNDS MANAGED BY MHR FUNDS TO OWN 26.1% OF ECONOMIC INTERESTS IN NEW TELESAT
* LORAL SPACE & COMMUNICATIONS INC - NEW TELESAT SHARES WILL INITIALLY BE LISTED ON NASDAQ GLOBAL SELECT MARKET
* LORAL SPACE & COMMUNICATIONS INC - NEW TELESAT IS ALSO CONSIDERING A LISTING FOR ITS SHARES ON A CANADIAN STOCK EXCHANGE
* LORAL - NEW TELESAT'S GOVERNANCE PROVISIONS WILL CONTAIN SPECIAL FEATURES DESIGNED TO MAINTAIN MAJORITY CANADIAN BOARD AND VOTING CONTROL
* LORAL SPACE & COMMUNICATIONS - STOCKHOLDERS IN CO, PSP INVESTMENTS SHAREHOLDERS OF TELESAT, TO OWN EQUITY IN NEW TELESAT ABOUT SAME AS OWNERSHIP IN TELESAT
* LORAL SPACE & COMMUNICATIONS -MHR FUNDS, PSP INVESTMENTS, MANAGEMENT SHAREHOLDERS OF TELESAT OWN 36.6%, 36.7%, 0.7%, OF ECONOMIC INTERESTS IN NEW TELESAT
* LORAL - EXPECT CO'S U.S. HOLDERS THAT ELECT FOR LIMITED PARTNERSHIP UNITS OF TELESAT PARTNERSHIP IN LIEU OF GETTING SHARES WILL DO SO ON TAX DEFERRED BASIS
* LORAL - EXCHANGE OF LIMITED PARTNERSHIP UNITS OF TELESAT PARTNERSHIP FOR SHARES OF NEW TELESAT ANTICIPATED TO BE TAXABLE TRANSACTION TO U.S. HOLDERS
* LORAL SPACE & COMMUNICATIONS INC - BOARD ADOPTED SHAREHOLDER RIGHTS PLAN; SET TRIGGER AT 15%