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Morgan Stanley Builds Holding In Inmarsat, Now At 5%

(Alliance News) - Inmarsat PLC said Monday US investment bank Morgan Stanley has increased its ...

Alliance News 19 August, 2019 | 6:14PM
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(Alliance News) - Inmarsat PLC said Monday US investment bank Morgan Stanley has increased its holding in the FTSE 250-listed satellite telecommunications firm.

Following Thursday's transaction, Morgan Stanley now holds a 5.0% interest in Inmarsat. Morgan Stanley's holding prior to the deal was not specified, only that it was below 3%.

Inmarsat closed 0.7% higher in London on Monday at 579.00 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Inmarsat PLC 586.20 GBX -0.85 -
Morgan Stanley 45.16 USD 1.90

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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