UK-based satellite communications group Inmarsat has received a $3.3bn cash takeover offer from a consortium led by Apax Partners and Warburg Pincus International.
According to the company, the consortium made the offer on January 31 and the proposal remains under discussion and the consortium also includes two Canadian pension funds, Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan.
“There can be no certainty as to the terms on which any offer would be made. Nor is it certain that the discussions will lead to any firm offer for the company,” Inmarsat said.
The consortium has until April 16 to make a formal offer.
Last year, US satellite company EchoStar gave up a plan to take over Inmarsat.