GlobalStar (GSAT) Tops Q2 EPS by 1c
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August 2, 2018 4:24 PM EDT
COVINGTON, La.--(BUSINESS WIRE)--
Globalstar, Inc. (NYSE American: GSAT) today announced its financial
results for the quarter ended June 30, 2018.
Jay Monroe, Chairman and Chief Executive Officer of Globalstar,
commented, As disclosed yesterday, Globalstar, following the unanimous
recommendation of its Special Committee of independent directors, and
Thermo terminated the proposed merger agreement by mutual written
agreement. While I believe that this merger would have positioned
Globalstar more strongly for the future, this transaction is no longer
the path forward. Instead, we will continue to run the satellite
business on a standalone basis. While we... More
