Edition:
United Kingdom

Inmarsat Says Rejected Echostar Proposal As It "Very Significantly" Undervalued Co


Friday, 6 Jul 2018 

July 6 (Reuters) - Inmarsat Plc ::STATEMENT RE POSSIBLE OFFER.STATEMENT REGARDING POSSIBLE OFFER FOR INMARSAT PLC BY ECHOSTAR.BOARD REJECTED PROPOSAL ON 4 JULY 2018 ON BASIS THAT IT VERY SIGNIFICANTLY UNDERVALUED INMARSAT AND ITS STANDALONE PROSPECTS.BOARD REMAINS HIGHLY CONFIDENT IN INDEPENDENT STRATEGY AND PROSPECTS OF INMARSAT.ECHOSTAR IS REQUIRED, BY NOT LATER THAN 5.00 P.M. (LONDON TIME) ON 6TH JULY, TO ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER OR WALK AWAY.