Inmarsat PLC (ISA.L)
21 May 2019
LONDON Investors in Inmarsat voted on Friday to sell the British satellite firm to a private equity-led consortium for $3.4 billion following a recommendation from the company's board that the offer was fair and reasonable.
LONDON, May 10 Investors in Inmarsat voted on Friday to sell the British satellite firm to a private equity-led consortium for $3.4 billion following a recommendation from the company's board that the offer was fair and reasonable.
LONDON, May 1 Inmarsat, the British satellite firm that agreed a $3.4 billion private-equity takeover in March, reported a 13 percent fall in quarterly earnings, hit by weak demand from the shipping sector and a lower contribution from partner Ligado.
May 1 Inmarsat Plc reported a 13 percent fall in first-quarter core earnings on Wednesday, hit by lower sales at its maritime business and weak demand for its legacy products such as satellite phones.
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.