July 21st, 2008
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Reuters- U.S. hedge fund Harbinger remains interested in buying British satellite communications firm Inmarsat, but is suspending talks for now because of the lengthy regulatory process involved, it said on Monday.
"Harbinger remains interested in acquiring control of Inmarsat and is therefore actively considering whether to pursue the relevant regulatory and competition approvals in order to be able to make an offer for Inmarsat in the future," the group, which already owns 28 percent of Inmarsat, said in a statement.
"Assuming there is an acceptable conclusion to the regulatory approval process Harbinger would intend to re-enter into discussions with the board of Inmarsat regarding the terms of an offer and endeavor to seek a recommendation from the Inmarsat board at that time."
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