Harbinger Capital Partners Plans To Sells Its 14% Stake In Inmarsat
07 Febrero 2011 - 12:17PM
Noticias Dow Jones
Harbinger Capital Partners Special Situations Fund, L.P. and
Harbinger Capital Partners Master Fund I, Ltd. or Harbinger Funds,
both affiliated investment funds of Harbinger Capital Partners LLC
announced Monday that they intend to sell, in aggregate, 64,277,249
ordinary shares in Inmarsat Plc (ISAT.LN), constituting 14% of the
issued share capital of Inmarsat and representing the remainder of
the Inmarsat shares held by the Harbinger Funds.
MAIN FACTS:
-Credit Suisse and UBS Investment Bank have been appointed as
Joint Bookrunners with respect to the Transaction and have also
consented to the waiver of certain lock-up arrangements which were
in place following the sale of 65,000,000 Inmarsat shares by the
Harbinger Funds on October 5, 2010.
-Bookbuilding in relation to the Transaction will commence
immediately.
-It is expected that the books will close on or before close of
business on February 8, 2011.
-Pricing and allocations are expected to be announced as soon as
practicable following the closing of the books.
-Inmarsat shares closed Monday at 688 pence
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411;
zechariah.hemans@dowjones.com