Inmarsat's financial future appears secured. A consortium of investors is poised to invest $3.4bn in the company, taking it private. The price tag represents a 45% premium from the trading rate on the day prior to speculation about the deal becoming public and 27% to the price when the official offer was published. Inmarsat's Board of Directors unanimously recommends the deal and committed their respective shares to vote in favor. The investment group is operating under the name Triton Bidco and is backed by Apax Funds, Warburg Pincus Funds, the Canada Pension Plan and the Ontario Teachers' Pension Plan.
The post PaxEx Premium: Inmarsat set to go private, change very little appeared first on PaxEx.Aero.
Written by PaxEx.Aero @ https://paxex.aero
Written by PaxEx.Aero @ https://paxex.aero