Hedge funds opposed to Inmarsat takeover drop court challenge
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LONDON (Reuters) - Hedge fund investors in Inmarsat said they would not object to the satellite company's takeover by a private equity-led consortium at a court hearing on Tuesday after the buyers said on Monday they would not increase or extend their offer.Oaktree, Kite Lake and Rubric Capital said they had originally wanted Inmarsat and its buyer to revise the takeover scheme over a contract with Ligado, a U.S. group that licenses some of Inmarsat's airwaves."Having considered our position..