Hello, Guest!
  • Thursday, November 21, 2024

Maxar, Advent Expect Proposed Merger to Close in Late April or Early May

Maxar Technologies (NYSE: MAXR) has secured the majority of regulatory clearances needed to advance its merger with Boston-based private equity firm Advent International and both parties now expect the transaction to be completed in late April or early May.

In December, Advent agreed to buy Maxar in an all-cash transaction worth approximately $6.4 billion, or $53 in cash per share. The deal would take Maxar private and help the company accelerate its next-generation satellite development program.

Stockholders at Maxar will hold a virtual meeting on Wednesday, April 19, to decide on the merger agreement, which is still subject to other regulatory approvals.

Proxy advisory firms Glass, Lewis & Co. and Institutional Shareholder Services have recommended that stockholders approve the proposed transaction.

Video of the Day

Related Articles

Arvind Srinivasan Named Maxar Intelligence CTO; Dan Smoot Quoted Executive Moves

Arvind Srinivasan Named Maxar Intelligence CTO; Dan Smoot Quoted

Arvind Srinivasan, a technology industry veteran, has joined Maxar Technologies’ intelligence business as chief technology officer. In this capacity, he will oversee Maxar Intelligence’s technology strategy and help advance the development of digital and geospatial intelligence platforms, the company said Thursday. Dan Smoot, CEO of Maxar Intelligence, said Srinivasan has decades of experience building digital

Maxar Splits Into Space Infrastructure, Intelligence Businesses M&A Activity

Maxar Splits Into Space Infrastructure, Intelligence Businesses

Maxar Technologies has separated into two separate businesses, one focused on spacecraft manufacturing and the other on satellite imagery, SpaceNews reported Wednesday. The reorganization came four months after private equity firm Advent International closed its acquisition of Maxar in an all-cash transaction worth approximately $6.4 billion. The deal was first announced in December 2022.  Dan

Advent, BCI Close Maxar Acquisition M&A Activity

Advent, BCI Close Maxar Acquisition

Boston-based private equity firm Advent International and Canada-based British Columbia Investment Management Corp. have finalized their acquisition of Maxar Technologies in an all-cash transaction valued at approximately $6.4 billion, or $53.00 per share. With the transaction’s completion, Maxar will continue to operate as a U.S.-controlled and owned company and will stop trading on both the