Inmarsat Plc said on Tuesday it has received a cash takeover offer from a privat...
- Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about $3.3 billion and take it private.
The consortium, which includes UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board , offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement. An external representative for Warburg Pincus declined to comment. Apax and CPPIB did not respond to requests for comment.
A takeover of the company could be closely scrutinized by the British government because of the British satellite company’s position as a strategic asset.
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