Inmarsat said its shareholders approved its $1.54 billion takeover by Grapeclose, JV between Apax Partners and Permira at an extraordinary general meeting on 1 December 2003. Investors holding around 97% of Inmarsat's shares voted to allow its purchase. Court approval for the takeover will be sought on 16 December 2003. Xantix, owned for 65% by KPN and 35% by Telstra, agrees with the takeover. Xantix holds 5,862,300 shares. With a buying price of $15, Xantix will receive $ 88 million in cash.
