Inmarsat PLC (ISA.L)
18 Apr 2019
March 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
* Britain's Inmarsat gains on $3.4 bln buyout offer (Updates to closing)
* Wood Group slips after Jefferies' rating action (Adds news items, analyst comment, updates to closing prices)
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator rebuffed a slightly lower bid from U.S. rival EchoStar last year.
* Rejected an approach from U.S. rival EchoStar last year (Adds analyst comments, updates shares, Breakingviews link)
March 25 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
March 25 Britain's main index slipped on Monday as growing fears of a recession in the United States and uncertainty over Brexit kept investors on the sidelines, while satellite operator Inmarsat jumped after agreeing to be bought out.
March 25 Britain's FTSE 100 is seen opening 27 points lower at 7,181 on Monday, according to financial bookmakers, while FTSE 100 futures were down 0.38 percent ahead of the cash market open. * MAJESTIC: Majestic Wine said on Monday it would focus on its online wine retail business Naked Wines by releasing capital from its Retail and Commercial operations as Britain nears its exit from the European Union. * INMARSAT: A private equity-led consortium on Monday agreed to buy British sat
March 25 A private equity-led consortium on Monday agreed to buy British satellite operator Inmarsat for about $3.4 billion in cash.
(This March 19 story corrects last paragraph to say Panasonic Avionics is headquartered in the United States and is a unit of Japan's Panasonic Corp.)