April 14 (Reuters) - Amazon.com Inc ( AMZN ):

* AMAZON TO ACQUIRE GLOBALSTAR AND EXPAND AMAZON LEO

SATELLITE NETWORK

* GLOBALSTAR ( GSAT ): STOCKHOLDERS TO ELECT TO GET EITHER $90.00 IN

CASH OR 0.3210 SHARES OF AMAZON STOCK WITH VALUE CAPPED AT

$90.00/SHARE FOR EACH CO'S STOCK

* GLOBALSTAR ( GSAT ): AMAZON AND APPLE SIGNED AN AGREEMENT TO

PROVIDE SATELLITE CONNECTIVITY FOR CURRENT AND FUTURE IPHONE AND

APPLE WATCH FEATURES

* GLOBALSTAR ( GSAT ): STOCKHOLDERS HOLDING ABOUT 58% OF COMBINED

VOTING POWER OF OUTSTANDING SHARES OF CO'S COMMON STOCK APPROVED

DEAL

* GLOBALSTAR ( GSAT ): TRANSACTION CONSIDERATION ALSO SUBJECT TO

DOWNWARD ADJUSTMENT OF UP TO $110 MILLION IF GLOBALSTAR DOES NOT

ACHIEVE SOME OPERATIONAL MILESTONES

* GLOBALSTAR INC ( GSAT ): BEGINNING IN 2028, AMAZON LEO WILL DEPLOY

ITS OWN NEXT-GENERATION D2D SATELLITE SYSTEM

Source text:

Further company coverage: