National Security and Investment Act 2021

Renesas Extends Tender Offer and Receives UK NSIA Clearance for Proposed Acquisition of Sequans

Retrieved on: 
Monday, November 6, 2023
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Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on November 6, 2023, has been extended until one minute after 11:59 P.M., New York City time, on November 21, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, regulatory approvals (other than the NSIA approval and the previously announced CFIUS approval) and the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on November 3, 2023, approximately 98,807,609 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 35.2% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.
  • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

Viasat's Proposed Acquisition of Inmarsat Receives Unconditional Clearance From UK's Competition and Markets Authority

Retrieved on: 
Tuesday, May 9, 2023
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This decision is an important milestone towards completion of the deal.

Key Points: 
  • This decision is an important milestone towards completion of the deal.
  • I appreciate the extensive review by the CMA to review this transaction and thank them for their efforts."
  • Rajeev Suri, Chief Executive Officer at Inmarsat, said: "Today's decision by the CMA to clear the Viasat-Inmarsat deal is hugely significant for the UK's space ambitions and customers everywhere.
  • The companies will continue to work through other regulatory approvals and update on transaction close timing as those processes continue.

EQS-News: Fifth exit in 2023: Mutares has signed an agreement to sell Special Melted Products to Cogne Acciai Speciali for an enterprise value of approximately EUR 180 million

Retrieved on: 
Friday, May 5, 2023
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Munich, 5 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS).

Key Points: 
  • Munich, 5 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS).
  • Taking into account deductible items, variable compensation and transaction costs, the company expects an inflow in the three-digit million range of up to EUR 150 million.
  • Cogne Acciai Speciali is a leading global supplier of stainless steel long products and nickel alloys.
  • The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights.

Node4 Acquires Tisski to Further Expand its Microsoft Enterprise Cloud Solutions Capabilities

Retrieved on: 
Friday, November 4, 2022
Internet, Security, Data Management, Technology, Software, Cloud, People, Azure, Growth, MSFT, Microsoft Power Platform, Ministry, Culture, Corporate finance, Microsoft Dynamics 365, Industry, Solution, Transport, Standard, Managed services, Public sector, Efficiency, Providence Equity, Group, Finance, NAV, PricewaterhouseCoopers, NSI, National, Microsoft Dynamics 365 Business Central, Great Places, CEO, Intelligence, MSP, Housing, Local government, Microsoft Dynamics, Public, Department for Transport, National Security and Investment Act 2021, Acquisition, TNP, Excepted service, Technology, BT Business and Public Sector, Crime, Ecosystem, EY, Department, Microsoft, Video game console, Management

The acquisition will enhance Node4s Microsoft solutions capabilities, adding significant capabilities in Customer Experience and Relationship Management within Microsoft Dynamics.

Key Points: 
  • The acquisition will enhance Node4s Microsoft solutions capabilities, adding significant capabilities in Customer Experience and Relationship Management within Microsoft Dynamics.
  • The addition of Tisski will take Node4 headcount to more than 1100 people and see the Group serving over 2,000 customers.
  • Delivering end-to-end hybrid solutions, Node4 draws upon its broad portfolio of managed public and private cloud, security and collaboration services, as well as cloud enablers including colocation and connectivity.
  • Node4 has nationwide capabilities, with its own data centres in Derby, Leeds and Northampton, and points of presence in London and Manchester.

Viasat and Inmarsat Receive Approval for Proposed Combination from Australia's Foreign Investment Review Board

Retrieved on: 
Tuesday, October 18, 2022
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FIRB's clearance of Viasat's proposed acquisition of Inmarsat under the Foreign Acquisitions and Takeovers Act 1975 is the latest approval for the transaction.

Key Points: 
  • FIRB's clearance of Viasat's proposed acquisition of Inmarsat under the Foreign Acquisitions and Takeovers Act 1975 is the latest approval for the transaction.
  • Mark Dankberg, CEO and executive chairman of Viasat, said: "We're delighted to secure approval from the Australian Government.
  • Rajeev Suri, Inmarsat CEO, added: "Approval by Australia's Foreign Investment Review Board is a welcome further endorsement of the sound competitive logic behind the transaction.
  • Forward-looking statements include statements that refer to the scale, capabilities and scope of, and benefits provided by, the proposed combination ofViasatand Inmarsat.

Viasat and Inmarsat Receive Approval for Proposed Combination from Australia's Foreign Investment Review Board

Retrieved on: 
Tuesday, October 18, 2022
LinkedIn, Uncertainty, Committee on Foreign Investment in the United States, Foreign Investment and National Security Act of 2007, Logic, UK Government Decontamination Service, Risk, Government, Aircraft, Growth, Efficiency, IOT, Australian government debt, YouTube, Foreign Investment Review Board, Annual report, NASDAQ, National, Aviation, Twitter, Instagram, Securities Act of 1933, Facebook, Technology, National Security and Investment Act 2021, UK, VSAT, Company, Acquisition, Industry, Workforce Investment Act of 1998, FIRB, Foreign investment, CEO, Committee, Internet, Nature, Social media, Securities Exchange Act of 1934, Safety, Environment, Forward-looking statement, Failure, Atmosphere, Takeover, COVID-19, Viasat (American company), Anomaly, Online gambling, Renewable energy, Bank, Viasat, Inmarsat

FIRB's clearance of Viasat's proposed acquisition of Inmarsat under the Foreign Acquisitions and Takeovers Act 1975 is the latest approval for the transaction.

Key Points: 
  • FIRB's clearance of Viasat's proposed acquisition of Inmarsat under the Foreign Acquisitions and Takeovers Act 1975 is the latest approval for the transaction.
  • Mark Dankberg, CEO and executive chairman of Viasat, said: "We're delighted to secure approval from the Australian Government.
  • Rajeev Suri, Inmarsat CEO, added: "Approval by Australia's Foreign Investment Review Board is a welcome further endorsement of the sound competitive logic behind the transaction.
  • Forward-looking statements include statements that refer to the scale, capabilities and scope of, and benefits provided by, the proposed combination ofViasatand Inmarsat.

Viasat and Inmarsat Will Work with CMA to Demonstrate Customer Benefits of Proposed Transaction

Retrieved on: 
Friday, October 14, 2022
LinkedIn, Phase II, Committee on Foreign Investment in the United States, Securities Act of 1933, IFC, UK Government Decontamination Service, Risk, Aircraft, SEC, Competition and Markets Authority, Government, Efficiency, IOT, YouTube, Viasat (American company), Annual report, NASDAQ, CMA, Intelsat, National, Committee, Twitter, Instagram, Industry, Facebook, Investment, National Security and Investment Act 2021, Panasonic, VSAT, Company, Workforce Investment Act of 1998, Competition, CEO, Internet, Nature, Face, Securities Exchange Act of 1934, Social media, Safety, LEO, Foreign investment, Environment, Forward-looking statement, ViaSat-3, Failure, Atmosphere, COVID-19, Aviation, Telesat, Anomaly, Airline, Renewable energy, Bank, Viasat, Inmarsat

Viasat and Inmarsat remain confident that the transaction will increase the availability of more affordable, faster, and more reliable IFC globally to operators, airlines, and passengers.

Key Points: 
  • Viasat and Inmarsat remain confident that the transaction will increase the availability of more affordable, faster, and more reliable IFC globally to operators, airlines, and passengers.
  • Our investments in the ViaSat-3 constellation and the Inmarsat transaction are intended to help us make these services more available globally.
  • As communicated by the CMA, Viasat and Inmarsat will actively participate in Phase 2.
  • In November 2021, Inmarsat and Viasat announced the planned combination of the two companies , to create a new leader in global communications.

Viasat and Inmarsat Will Work with CMA to Demonstrate Customer Benefits of Proposed Transaction

Retrieved on: 
Friday, October 14, 2022
LinkedIn, Phase II, Committee on Foreign Investment in the United States, Securities Act of 1933, IFC, UK Government Decontamination Service, Risk, Aircraft, SEC, Competition and Markets Authority, Government, Efficiency, IOT, YouTube, Viasat (American company), Annual report, NASDAQ, CMA, Intelsat, National, Committee, Twitter, Instagram, Industry, Facebook, Investment, National Security and Investment Act 2021, Panasonic, VSAT, Company, Workforce Investment Act of 1998, Competition, CEO, Internet, Nature, Face, Securities Exchange Act of 1934, Social media, Safety, LEO, Foreign investment, Environment, Forward-looking statement, ViaSat-3, Failure, Atmosphere, COVID-19, Aviation, Telesat, Anomaly, Airline, Renewable energy, Bank, Viasat, Inmarsat

Viasat and Inmarsat remain confident that the transaction will increase the availability of more affordable, faster, and more reliable IFC globally to operators, airlines, and passengers.

Key Points: 
  • Viasat and Inmarsat remain confident that the transaction will increase the availability of more affordable, faster, and more reliable IFC globally to operators, airlines, and passengers.
  • Our investments in the ViaSat-3 constellation and the Inmarsat transaction are intended to help us make these services more available globally.
  • As communicated by the CMA, Viasat and Inmarsat will actively participate in Phase 2.
  • In November 2021, Inmarsat and Viasat announced the planned combination of the two companies , to create a new leader in global communications.

Viasat and Inmarsat Confident Their Combination Benefits Consumers

Retrieved on: 
Thursday, October 6, 2022
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"There is no lack of competition in satellite connectivity for the aviation sector," said Rajeev Suri, Inmarsat CEO.

Key Points: 
  • "There is no lack of competition in satellite connectivity for the aviation sector," said Rajeev Suri, Inmarsat CEO.
  • "In addition, the highly complementary combination of Viasat and Inmarsat will support the UK Government's objective to drive growth by providing more jobs and investment in the UK space industry than we expect could be provided by Inmarsat as a standalone satellite communications provider," Suri added.
  • Forward-looking statements include statements that refer to the enhanced competition resulting from the combination of Viasat and Inmarsat; and the increase in jobs and investment in the UK space industry generated by the combined company.
  • In November 2021, Inmarsat and Viasat announced the planned combination of the two companies , to create a new leader in global communications.

Viasat and Inmarsat Confident Their Combination Benefits Consumers

Retrieved on: 
Thursday, October 6, 2022
Adoption, LinkedIn, Committee on Foreign Investment in the United States, Securities Act of 1933, IFC, UK Government Decontamination Service, Risk, Aircraft, SEC, Competition and Markets Authority, Growth, Government, Efficiency, YouTube, Viasat (American company), 7th Sky Entertainment, Annual report, NASDAQ, CMA, National, Twitter, Instagram, Facebook, National Security and Investment Act 2021, VSAT, Company, Industry, Workforce Investment Act of 1998, Competition, CEO, Committee, Internet, Nature, Social media, Securities Exchange Act of 1934, Safety, Foreign investment, LEO, IOT, Environment, Forward-looking statement, Failure, Atmosphere, COVID-19, Aviation, Anomaly, Leos, Airline, Bank, Viasat, Inmarsat

"There is no lack of competition in satellite connectivity for the aviation sector," said Rajeev Suri, Inmarsat CEO.

Key Points: 
  • "There is no lack of competition in satellite connectivity for the aviation sector," said Rajeev Suri, Inmarsat CEO.
  • "In addition, the highly complementary combination of Viasat and Inmarsat will support the UK Government's objective to drive growth by providing more jobs and investment in the UK space industry than we expect could be provided by Inmarsat as a standalone satellite communications provider," Suri added.
  • Forward-looking statements include statements that refer to the enhanced competition resulting from the combination of Viasat and Inmarsat; and the increase in jobs and investment in the UK space industry generated by the combined company.
  • In November 2021, Inmarsat and Viasat announced the planned combination of the two companies , to create a new leader in global communications.