23rd Apr 2019 14:02
LONDON (Alliance News) - Inmarsat PLC on Tuesday said Capital Group Companies Inc reduced its stake in the satellite communications firm by more than half to 4.1% after a deal on Monday.
Following the transaction, Capital Group held 19.0 million shares in Inmarsat or a 4.10%. Prior to this, it held a 9.99% stake.
Back in March, Inmarsat agreed a USD3.4 billion takeover from UK private equity firm Apax Partners LLP. A USD7.21 per share price has been agreed.
Shares in Inmarsat were up 0.5% at 539.40 pence per share on Tuesday afternoon.
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