March 14 (Reuters) - Global Star Acquisition Inc ( GLST )

:

* GLOBAL STAR ACQUISITION INC ( GLST ) - ON MARCH 11, CO, CO'S UNITS,

K

ENTER ENTERED INTO A FIRST AMENDMENT TO MERGER AGREEMENT

* GLOBAL STAR ACQUISITION ( GLST ): FIRST AMENDMENT REDUCES BASE

VALUE OF

MERGER CONSIDERATION TO BE RECEIVED BY COMPANY SHAREHOLDERS FROM

$610 MILLION TO $590 MILLION

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