Report: Inmarsat Buyers Stand Firm on $3.4 Billion Offer

The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4 billion bid for the U.K. satellite operator on Monday, just one day before a scheduled court hearing to approve the deal. The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension…