Advent to buy Maxar for $6.4 billion
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The board of directors of the American space operator Maxar Technologies unanimously approved the proposal of the investment company Advent to buy the business. The transaction amount will be $6.4 billion, the parties plan to close it by mid-2023.
Advent will pay Maxar investors $53 per common share, up 129% from the market value of the company’s shares. “The deal will help Maxar accelerate its investment and development of next-generation satellite technology,” reads a press release on site Maxar. The text specifies that the company will continue to operate in US jurisdiction.
Maxar is engaged in the development of space technology, including the production of reconnaissance satellites for Earth observation.
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