Investment Consortium Possibly Eyeing Inmarsat

A consortium of investors made a nonbinding cash offer of $7.21 per share for Inmarsat, the satellite operator said Tuesday. The investors are Apax Partners, the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan and Warburg Pincus, it said. Under British mergers and acquisition law, the consortium has until April 16 to announce a firm intention to make an offer. Inmarsat made similar disclosures last year about possible interest from Eutelsat (see 1806250053) and EchoStar (see 1806110035).