Shares of satellite operator Maxar Technologies surge more than 120% on news of deal with Advent
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Shares of American satellite operator Maxar Technologies rise in price by 120% amid news about the purchase of a business by the investment company Advent for $6.4 billion. This is evidenced by data on site New York Stock Exchange (NYSE).
As of 11:31 am in New York (19:31 Moscow time), Maxar shares are up 122.66% to $51.44 a share.
Under the terms of the deal, Advent will pay Maxar investors $53 per common share and delist the company.
Maxar is engaged in the development of space technology, including the production of reconnaissance satellites for Earth observation.
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