LONDON: UK satellite company Inmarsat Plc is in takeover discussions after receiving a proposal for about US$3.3bil from a group of private equity and pension funds.
The non-binding offer from private equity firms Apax Partners and Warburg Pincus with support from the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board is for US$7.21 a share for the entire issued share capital, Inmarsat said in a post-market statement on Tuesday.
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