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Latest Share Chat

Inmarsat takeover gets green light at court meeting

Tue, 03rd Dec 2019 15:52

LONDON, Dec 3 (Reuters) - The takeover of Inmarsat
by a private equity-led consortium was rubber stamped by
London's High Court on Tuesday after a group of hedge funds
earlier abandoned a challenge to the $3.4 billion deal.

The scheme of arrangement for the takeover was sanctioned on
Tuesday, Inmarsat said in a statement to the stock market.
(Reporting by Paul Sandle. Editing by Jane Merriman)

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