ISAT.L - Inmarsat Plc

LSE - LSE Delayed price. Currency in GBp
544.40
0.00 (0.00%)
At close: 5:12PM GMT
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Previous close544.40
Open546.00
Bid0.00 x 0
Ask0.00 x 0
Day's range539.80 - 550.00
52-week range524.80 - 617.20
Volume33,879,224
Avg. volume0
Market cap2.557B
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings date30 Apr 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est7.17
  • Reuters - UK Focus

    UPDATE 2-Inmarsat takeover clears final hurdle after hedge funds drop challenge

    A private equity consortium's $3.4 billion takeover of British satellite company Inmarsat was approved at a court hearing on Tuesday after hedge fund investors dropped a plan to challenge the value of the deal. Activists Oaktree, Kite Lake and Rubric Capital wanted the court to block the deal's "scheme of arrangement" because they said the price did not reflect the value of Inmarsat's longstanding agreement with U.S. broadband company Ligado. Victory for the hedge funds would have sent shockwaves through the M&A sector because scheme of arrangements are usually rubber stamped by courts following shareholder approval.

  • Inmarsat takeover clears final hurdle after hedge funds drop challenge
    Reuters

    Inmarsat takeover clears final hurdle after hedge funds drop challenge

    A private equity consortium's $3.4 billion (£2.65 billion) takeover of British satellite company Inmarsat was approved at a court hearing on Tuesday after hedge fund investors dropped a plan to challenge the value of the deal. Activists Oaktree, Kite Lake and Rubric Capital wanted the court to block the deal's "scheme of arrangement" because they said the price did not reflect the value of Inmarsat's longstanding agreement with U.S. broadband company Ligado. Victory for the hedge funds would have sent shockwaves through the M&A sector because scheme of arrangements are usually rubber stamped by courts following shareholder approval.

  • Reuters - UK Focus

    Hedge funds opposed to Inmarsat takeover drop court challenge

    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. A group of buyout funds, including British-based Apax Partners, U.S.-based Warburg Pincus and the Canada Pension Plan Investment Board (CPPIB), agreed to buy Inmarsat for $3.4 billion in March.

  • Reuters

    Inmarsat rejects Oaktree's call to delay takeover court hearing

    Inmarsat , the British satellite firm being acquired by a private equity-led consortium, has rejected a call by investor Oaktree Capital to delay the takeover court hearing until there is clarity on the status of its U.S. spectrum holdings. Oaktree Capital, which owns a 2.85% stake in Inmarsat, called on the board to delay the Nov. 12 meeting because it said U.S. regulator FCC would likely make a key ruling on the airwaves shortly that could affect the value of the company. Inmarsat said it was aware of the recent commentary regarding the potential Ligado licence modification, and it was continuing to monitor developments.

  • PR Newswire

    Norges Bank - Form 8.3 - Inmarsat PLC

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • Reuters

    UK clears acquisition of satellite company Inmarsat

    The British government on Tuesday cleared the acquisition of satellite communications company Inmarsat by a private equity consortium after it accepted undertakings given by the acquirer relating to national security. The consortium of UK-based Apax partners, US-based Warburg Pincus and two Canadian pension funds agreed to buy the provider of satellite communications to shipping, aircraft and governments for $3.4 billion in March.

  • Reuters - UK Focus

    UK to expand powers to block foreign takeover deals

    Britain plans to strengthen its powers to block or intervene in the foreign purchase of any company that could affect national security, it said on Monday. Currently the British state can intervene in the foreign takeover of any company that plays a role in national security, the provision of media plurality or the stability of the financial system. Under the plan, a notification system allowing businesses to flag to government a transaction with potential security concerns will be introduced.

  • Reuters - UK Focus

    Inmarsat tweaks US$1.75bn LBO loan to meet investor demand

    UK telecommunications and satellite operator Inmarsat on Monday revised its US$1.75bn leveraged loan as investors, wary of a cooling economy, raised concerns about the company's leverage, limited cash flow and increased competition in the telecommunications and satellite operations industry, sources familiar with the transaction told Refinitiv LPC. Inmarsat, which will use the term loan B to support its purchase by a consortium of investors led by Apax Partners, decreased the size of the term loan B by US$700m from US$2.7bn and increased its concurrent bond to US$1.825bn from US$1.125bn on September 20.

  • Reuters - UK Focus

    Spreads widen in choppy US leveraged loan market

    Borrowers in the US leveraged loan market are offering higher yields in September to compensate an investor base wary of a cooling economy and slowdown in global growth. Corporate borrowers rated in the low, single-B territory and businesses exposed to a potential economic slowdown, are pricing new loans higher at around 500bp over Libor or as high as 700bp. “Everyone is a little gun-shy and cognizant of the slowdown in the cycle,” said Tim Gramatovich, chief investment officer at Gateway Credit Partners.

  • Reuters - UK Focus

    UPDATE 2-Britain to investigate $5 bln U.S. takeover of defence firm Cobham

    Britain will investigate the national security impact of the purchase of defence company Cobham by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal. Business minister Andrea Leadsom's move on Wednesday is not unusual where there are potential security concerns and follows British government intervention in the pending acquisition of satellite group Inmarsat, by an international private equity consortium which includes U.S. firm Warburg Pincus. Leadsom has issued a European intervention notice, calling for a report from the Competition and Markets Authority (CMA) by Oct. 29 to determine whether Cobham, the maker of air-to-air refuelling equipment, should be sold.

  • PR Newswire

    Capfi Delen Asset Management N.V. - Form 8.3 - Inmarsat Plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

  • PR Newswire

    Pentwater Capital Management LP - Form 8.3 - Inmarsat Plc

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1.         KEY INFORMATION ...

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