Inmarsat in $3.3 billion cash acquisition talks, shares jumpStaff Writer | March 20, 2019
Inmarsat shares jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash offer from a private equity-led consortium, opening up the possibility of a bidding war.
Acquisition Opening up the possibility of a bidding war
"The proposal remains under discussion", Inmarsat said late on Tuesday. The January 31 approach came six months after Inmarsat rebuffed a $3.25 billion cash and shares bid from U.S. satellite group EchoStar. ■