Author: Jane Edwards|| Date Published: July 6, 2018
Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday.
EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the plan for six months based on the rules of the U.K. takeover panel.
The U.S.-based satellite group disclosed that it made a bid of approximately $7.05 per share on Tuesday that Inmarsat turned down a day after, saying the offer œsignificantly undervalued the U.K.-based firm and its prospects.
The move came weeks after EchoStar revealed in a stock exchange filing that it secured a 3 percent equity stake in Inmarsat and nearly a month after the latter declined the U.S. firm™s first takeover offer.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday.
