Shearman & Sterling advised Morgan Stanley & Co. LLC as the sole underwriter in connection with a secondary public offering of 38 million shares of voting common stock of Globalstar, Inc. by its shareholder FL Investment Holdings LLC, which is controlled by James Monroe III, the Chairman of the Board and Chief Executive Officer of Globalstar.
Globalstar provides mobile satellite services, including voice and data communications services globally via satellite.
The Shearman & Sterling team was led by partner Ilir Mujalovic (Picture) (New York–Capital Markets) and associates Ana Aur (Toronto–Capital Markets) and Sean Dougherty (New York–Capital Markets).
Other key members of the team included partner Ethan Harris (Washington, DC–Tax); counsel Gillian Moldowan (New York–Compensation, Governance & ERISA); and associate Adam Sternberg (New York–Tax).
Involved fees earner: Ilir Mujalovic – Shearman & Sterling; Ana Aur – Shearman & Sterling; Sean Dougherty – Shearman & Sterling; Ethan Harris – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Gillian Moldowan – Shearman & Sterling;
Law Firms: Shearman & Sterling;
Clients: Morgan Stanley;