ICO Global investor Highland enters into share option agreement

By Lisa Kerner

Charlotte, N.C., Dec. 17 - ICO Global Communications (Holdings) Ltd. investors Highland Capital Management, LP through Highland Crusader Offshore Partners, LP entered into a share option transaction with Goldman Sachs & Co. on Dec. 12.

Under the option transaction, Highland Crusader agreed to purchase 2.2 million options for ICO shares at the strike price of $3.60 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Harbinger beneficially owns some 26.7 million shares or 18.5% of the Reston, Va., mobile satellite services company.

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