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Inmarsat takeover to clear final hurdle as hedge funds drop challenge

FILE PHOTO: Technicians work on the Inmarsat S-Band/Hellas-Sat 3 satellite in the clean room
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LONDON (Reuters) - A private equity consortium's $3.4 billion (2.65 billion pounds) takeover of British satellite company Inmarsat looked likely to go ahead after a group of hedge funds dropped plans to challenge the sale at a hearing on Tuesday.Their decision came after the buyers - British-based Apax Partners, U.S.-based Warburg Pincus and the Canada Pension Plan Investment Board (CPPIB) - said..
Date Published: Dec 03, 2019
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