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.
The U.S. Space Force plans to modify its Andromeda indefinite-delivery/indefinite-quantity contract to raise the total ceiling to $6.24 billion. Lockheed Martin,…
CACI International has appointed Christopher Monoski as executive vice president of manufacturing. Monoski will report to President and CEO John Mengucci and join…
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.
