Author: Jane Edwards|| Date Published: May 13, 2019
Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday.
The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers™ Pension Plan Board.
The consortium said its bid was driven by Inmarsat™s long-term communications contracts with government agencies and the potential of the firm™s broadband connectivity services business supporting airlines.
Inmarsat expects a scheme of arrangement for the takeover to take effect in the fourth quarter.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday.
