PARIS — Confounding observers is a habit with Charlie Ergen and he has done it again by taking ostensibly serious steps to making a formal offer for London-based mobile satellite services provider Inmarsat.
The initial offer by Ergen-owned EchoStar Corp., whose principal assets include Hughes Network Systems and $3-plus billion in cash, was rejected on June 8 by Inmarsat as having “very significantly undervalued Inmarsat and its stand-alone prospects.”
Several industry officials said at the time that Ergen had taken none of the usual steps to . . .
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