Latest Share Chat

Inmarsat Share News (ISAT)

Inmarsat Information

There is currently no data for ISAT

Inmarsat shuns bid for debt-laden Avanti

Mon, 01st Aug 2016 07:28

(ShareCast News) - Inmarsat has passed up the opportunity to make a bid for cash strapped smaller rival Avanti Communications, which put itself up for sale last month. Inmarsat responded to Avanti's advisers when they made contact as part of the AIM company's strategic review and formal sale process that was revealed to the market on 11 July."Inmarsat confirms it has withdrawn from Avanti's announced process and it is not considering an offer for the shares of Avanti," the FTSE 100 company said.There were reports late on Friday from Sky News that the pair would merge in a potential £4bn takeover deal after Inmarsat had made an approach to Avanti, though insiders suggested a number of other satellite industry players and private equity investor has also expressed interest.Both companies have seen their shares topple over the last year, with Inmarsat down from a peak above 1,140p in to below 700p as increased competition in some of its markets led to a profit warning, while Avanti has slumped 87% over the last year as investors worried about its $600m-plus debts and a potential restructuring.

More News

13 Oct 2016 13:43

Thursday broker round-up

(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with

16 Sep 2016 07:29

Inmarsat Unveils Pricing For USD400 Million Worth Of Senior Notes (ALLISS)

16 Sep 2016 07:23

Inmarsat prices $400 debt issue

(ShareCast News) - Inmarsat announced it would tap debt markets to repay an existing loan from the European Investment Bank and for general corporate purposes. The satellite operator priced its $400m issue of senior unsecured debt offering a 6.5% annual coupon and maturing in 2024 at par value. Fri

8 Sep 2016 15:12

UK Dividends Calendar - Next 7 Days

1 Sep 2016 16:58

SpaceX rocket explodes at test firing in Florida

(ShareCast News) - An explosion at a test-firing of a SpaceX Falcon 9 rocket has destroyed the craft and a communications satellite it had been due to take into space. The private aerospace company, owned by Tesla chief Elon Musk said that no one was injured during the incident, which was the result

1 Sep 2016 07:41

LONDON MARKET OPEN: Miners Lift FTSE 100 Ahead Of Manufacturing PMIs

1 Sep 2016 07:03

Inmarsat Places USD650 Million Convertible Bonds Due 2023 (ALLISS)

31 Aug 2016 10:34

Inmarsat launches $550m convertible bond

(ShareCast News) - Satellite services group Inmarsat said on Wednesday that it has launched a bond offering of up to $600m. The company announced the launch of an offering of around $550m convertible bonds due 2023, with an increase option of up to $50m. Inmarsat said the net proceeds from the issu

31 Aug 2016 09:49

WINNERS & LOSERS SUMMARY: Gulf Keystone Drops 25% On Discounted Offer

11 Aug 2016 08:35

BROKER RATINGS SUMMARY: Barclays Cuts Travis Perkins To Underweight

10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

5 Aug 2016 10:09

Friday broker round-up

(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri

4 Aug 2016 07:01

Inmarsat returns to growth in second quarter but interim profits fall 7pc

(ShareCast News) - Although its maritime market remains in the doldrums, Inmarsat posted a respectable set of interim results on Thursday as the satellite services group surprisingly returned to growth in the second quarter thanks to growth from the aviation sector, government contracts and its deal

20 Jul 2016 08:36

Latest Share Chat

Inmarsat Share News (ISAT)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Inmarsat shuns bid for debt-laden Avanti

Login to your account

Quickpicks are a member only feature

Login to your account