Global Invacom pushes ahead with Tactilis acquisition despite dissent

Singapore

SATELLITE communications equipment provider Global Invacom Group is pressing on with its proposed acquisition of Tactilis, valued at US$200 million, despite three dissenting directors on its board of seven.

Queried on that during an interview this week, Global Invacom executive chairman Anthony Taylor said: "I'm not totally clear on that and I think you'll have to ask them. We've presented them with the facts and at the end of the day, they decided to vote against."