Magellan Sale Complete
What most people know as Magellan, which is actually Thales Navigation, has been sold to an investment group led by Shah Capital Partners. The new company will be known as…. Magellan. The sale was completed today for $170 million plus considerations. Other investors include Tudor Group, Galleon Group, Consolidated Press Holdings, AIG SunAmerica, and Eli Broad. We’ve talked previously about the Shah Capital purchase of Magellan.