Global Invacom pushes ahead with Tactilis acquisition despite dissent
There are three dissenting directors on board of seven, but firm believes transaction will be a game-changer for it
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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."
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