Inmarsat bid five times Avanti Comms’ market cap before withdrawing last month

Yes, really. On Wednesday last week Patrick McDougal, Inmarsat’s head of business development and strategy, got in touch with Dominic Lester, joint head of investment banking in Europe at Jefferies & Co, Avanti’s advisory. He wanted to table a second takeover offer for Avanti after a previous low-ball bid for the rival satellite operator had been rejected. Inmarsat was ready to pay at least 140p a share in cash for Avanti, subject to due diligence. At the time, shares in Avanti were trading just below 30p.

Continue reading: Inmarsat bid five times Avanti Comms’ market cap before withdrawing last month

Yes, really. On Wednesday last week Patrick McDougal, Inmarsat's head of business development and strategy, got in touch with Dominic Lester, joint head of investment banking in Europe at Jefferies & Co, Avanti's advisory. He wanted to table a second takeover offer for Avanti after a previous low-ball bid for the rival satellite operator had been rejected. Inmarsat was ready to pay at least 140p a share in cash for Avanti, subject to due diligence. At the time, shares in Avanti were trading just below 30p.

Continue reading: Inmarsat bid five times Avanti Comms’ market cap before withdrawing last month