ftse stock: There's been no colossal change in Inmarsat's outlook since then, according to The Independent. But the board's view of the business is now taking second place to the need to give long-suffering shareholders a way out. A consortium of buyout firms and pension funds agreed on Monday to buy Inmarsat Plc for 3.4 billion, nine months after the board of the U.K. satellite group rejected a comparably priced offer from billionaire Charlie Ergen as too cheap. Inmarsat used to be a FTSE 100 stock, paying reliable dividends. Cash is going out of the business, but not to shareholders. More recently it has been plowing money into upgrading its maritime networks to broadband and providing high-speed internet for airplane passengers.
(news.financializer.com). As
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