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Inmarsat takeover gets green light at court meeting

The takeover of Inmarsat by a private equity-led consortium was rubber stamped by London's High Court on Tuesday after a group of hedge funds earlier abandoned a challenge to the $3.4 billion deal.

LONDON, Dec 3 (Reuters) - The takeover of Inmarsat ISA.L by a private equity-led consortium was rubber stamped by London's High Court on Tuesday after a group of hedge funds earlier abandoned a challenge to the $3.4 billion deal.

The scheme of arrangement for the takeover was sanctioned on Tuesday, Inmarsat said in a statement to the stock market.

(Reporting by Paul Sandle. Editing by Jane Merriman)

((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net))

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