Echostar seeks talks with Inmarsat after latest takeover rejection

LONDON (Reuters) – U.S. satellite group EchoStar (SATS.O) said on Friday it was trying to seek engagement with the board of Inmarsat (ISA.L) after the British firm rejected its latest takeover offer worth 2.45 billion pounds ($3.2 billion) to equity shareholders.

FILE PHOTO: A technician looks at a solar panel on the Inmarsat S-Band/Hellas-Sat 3 satellite in the clean room facilities of the Thales Alenia Space plant in Cannes, France, February 3, 2017. REUTERS/Eric Gaillard/File Photo

EchoStar, which has started to build a small stake in Inmarsat, said the British company had rejected its latest offer on Wednesday, valuing it at 532 pence per Inmarsat share in cash and stock.

Reporting by Kate Holton, editing by James Davey



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