EchoStar scrubs Inmarsat bid, for now

Inmarsat firmly rejected EchoStar’s £3.2 billion bid for the London-based satellite operator, despite EchoStar offering £5.32 per share, up 27 per cent on its earlier June 8th offer and 40 per cent up on Inmarsat’s average share price for the 3 months to June 7th.  Inmarsat claimed the bid significantly undervalued the company.

Source: EchoStar scrubs Inmarsat bid, for now

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