People MDA Space Hires Guillaume Lavoie as New CFO

Government/Military Australia Cancels Satellite Effort With Lockheed Martin to Prioritize Multi-Orbit Solution

Launch Rocket Lab Completes 12th Electron Mission of 2024 With Confidential Customer

Government/Military SSTL Wins UK Government Contract for Juno Satellite

Technology SatixFy Lands $39M Deal for Telesat Lightspeed Landing Station Baseband Units

Technology Kymeta Debuts Goshawk u8 GEO/LEO Hybrid Terminal

Government/Military Astranis Partners with Xona Space Systems on Resilient GPS Satellite Design

Launch Japan’s H3 Rocket Launches Military Communications Satellite

Connectivity Former Google Exec Debuts Plan for Enterprise LEO Constellation, Logos Space

Finance Comtech CEO Points to Record Backlog After 'Below Expectations' Q4

Finance

Report: Inmarsat Buyers Stand Firm on $3.4 Billion Offer

By Lina Saigol, Selin Bucak | December 2, 2019

Investors

Satellite operator Inmarsat’s office in central London. Photo: LEON NEAL/AFP via Getty Images

The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4 billion bid for the U.K. satellite operator on Monday, just one day before a scheduled court hearing to approve the deal.

The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, has been under pressure from several hedge funds to raise its offer and delay the court hearing.

Read More at MarketWatch >>

Get the latest Via Satellite news!

Scroll for related stories.