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Hedge Fund Halts Takeover Talks, Inmarsat Shares Plunge

New York (HedgeCo.Net) - Inmarsat shares took a dive yesterday after hedge fund Harbinger Capital halted talks of a possible takeover.  Harbinger has amassed a 28 percent stake in the U.K.-based mobile satellite communications group.
Harbinger, who has AUM upwards of $26 billion, decided to hold off after considering the lengthy process ahead in which they […]

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Harbinger suspends Inmarsat talks, still wants deal

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 […]

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Inmarsat dives after hedge fund suspends talks

Times Online- Shares in Inmarsat, the mobile satellite communications group, plunged 12.2 per cent today after it emerged that Harbinger Capital, the activist American hedge fund investor, has suspended talks over a possible takeover.
While both parties left the door open to a future deal, Inmarsat’s stock lost 62.75p to fall to 449.75p […]

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