Maxar Technologies to be Acquired By Advent International

Dec 16, 2022 By MarketDepth

Breaking Business Headlines Technology What's Hot

satellite in space

Maxar Technologies (MAXR:NYQ) to be acquired by private equity firm Advent International for about $4 billion. Maxar Technologies is a satellite operator and this acquisition is totaled to be worth around $6.4 billion including debt. The buy-out is one of the largest currently as the world faces challenging economic period.

Maxar and Advent agreed to a sale price of $53 per share which is about a 120% premium to yesterdays closing price. The companies have been negotiating privately and not made this open to a public bidding process. Both companies came out of the negotiations satisfied as the shareholders got a nice premium on their stock.

Maxar Technologies has lost about 20% of its value this year while other companies have seen dramatic market capitalization losses.