Tiger Midco, an affiliate of funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates, has increased its offer to acquire information technology distribution company Tech Data (Nasdaq: TECD) from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.
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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 …
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Inmarsat has declined to accept Colorado-based EchoStar’s (Nasdaq: SATS) takeover bid, saying the offer “undervalued” the U.K.-based satellite communications provider, Reuters reported Saturday. “After carefully considering the proposal with its advisers the board rejected the proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects,” Inmarsat …
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