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Inmarsat in talks over $3.3 billion cash buyout offer


© Reuters. Inmarsat in talks over $3.3 billion cash buyout offer

(Reuters) – Inmarsat (LON:) has received a cash takeover offer from Apax Partners, Warburg Pincus International and Canada Pension Plan Investment Board, the British satellite company said on Tuesday, valuing the business at about $3.3 billion (2.5 billion pounds).

The consortium offered $7.21 (543 pence) per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement.

Inmarsat’s shares closed on Tuesday at 437.8 pence.

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