Deals
U.K.'s Inmarsat Receives $3.3 Billion Private Equity-Led Bid
- Company is considering offer after spurning EchoStar last year
- Private equity firms backed in deal by Canadian pension funds
Satellite dishes on the roof at Inmarsat Plc's headquarters in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Inmarsat Plc received a takeover offer worth about $3.3 billion from a group of private equity and pension funds, the second approach in less than a year for the U.K. satellite company.
Apax Partners and Warburg Pincus, supported by the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, made the non-binding cash bid of $7.21 a share on Jan. 31, Inmarsat said Tuesday after the market close in London.