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Deals Rumor Mill: Teachers', Blackstone, TPG

By Karlee Weinmann ( April 10, 2014, 5:19 PM EDT) -- Ontario Teachers' Pension Plan has taken the lead in the hunt for the satellite services unit majority-owned by Loral Space & Communications Inc., with an offer worth about $7 billion, including debt, sources told Bloomberg on Thursday. The purchase would unfold in two stages: first, acquiring Loral, and second, buying the remaining chunk of the satellite business owned by Canada's Public Sector Pension Investment Board. Official word of a sale could come later this month or early in May....

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