EchoStar abandons Inmarsat bid after Inmarsat rejection, but reserves right to return

UPDATE: EchoStar let the July 6 deadline slip by without making a formal bid for Inmarsat, but said it could return to the table even before the six-month regulatory no-bid period if a third party were to go after Inmarsat or if Inmarsat's management changed its mind about EchoStar's offer.

Here is EchoStar's statement, issued about an hour before the 5 p.m. UK time deadline:

6 July 2018

A statement by EchoStar Corporation

No intention to make an offer for . . .

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