Posts for Ticker ‘SKYT’

Iridium Comes Public Again Via Greenhill SPAC (GHQ, GHL, GSAT, SKYT)

Iridium_logoGHL Acquisition Corp. (AMEX: GHQ), a SPAC and affiliate of Greenhill & Co. Inc. (NYSE: GHL), is going to be rolling up an interesting operation.  It is acquiring the old global satellite phone company Iridium Holdings LLC.  The company will provide a $500 million cash infusion whichwill allow Iridium to finance its new finance system. It will valueIridium at roughly $591 million depending upon your calculations andthe final closing terms.

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Posted on: September 23, 2008 – 1:11 pm in IPOs, Satellite, Wireless, , , ,