Highland Capital reports 7.8% stake in Loral Space & Communications

By Lisa Kerner

Charlotte, N.C., Feb. 5 - Loral Space & Communications Inc. investors led by Highland Capital Management, LLP bought 305,635 shares of the company's stock between Dec. 6 and Jan. 29, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The shares were priced from $34.02 to $34.15 each.

With the purchase, Highland has a 7.8% ownership interest in the company.

The investors beneficially own a total of 1,584,574 shares of Loral Space stock for which they paid a total of some $44.9 million.

Loral is a satellite communications company based in New York.

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