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Inmarsat rejets EcoStar takeover bid
Posted: Sun, Jul 8, 2018, 9:42 AM ET (1342 GMT)
Inmarsat has rejected a second takeover proposal from EchoStar hours before a deadline Friday. EchoStar proposed a deal that valued Inmarsat's equity at $3.2 billion, or $4.2 billion when including convertible bonds. Inmarsat said the proposal "very significantly undervalued" the company. EchoStar is now required to wait six months under British regulations before making another bid. Eutelsat had also shown an interest in Inmarsat last month, but decided at the time not to pursue a bid.
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news in brief
Kepler goes into safe mode as fuel runs low
Posted: Sun, Jul 8 9:43 AM ET (1343 GMT)

Inmarsat rejets EcoStar takeover bid
Posted: Sun, Jul 8 9:42 AM ET (1342 GMT)

Shuttle-era engine tested for DARPA spaceplane
Posted: Sun, Jul 8 9:41 AM ET (1341 GMT)

news links
Sunday, July 15
Countdown begins after Sutherland wins space race
The Daily Express — 11:53 pm ET (0353 GMT)
Lockheed chosen to launch Britain’s commercial space age
Financial Times — 11:49 pm ET (0349 GMT)
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UK Aviation News — 11:49 pm ET (0349 GMT)
Scotland chosen for UK’s first spaceport
The Scotsman — 11:48 pm ET (0348 GMT)


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