Maxar Technologies Stocks Jumps on Advent Deal
Shares of Maxar Technologies jumped Friday morning after private-equity firm Advent International agreed to buy the satellite owner and operator.
Maxar stock was recently up about 120%.
Tweet on Maxar Technologies deal with Advent
Shares of Maxar Technologies jumped Friday morning after private-equity firm Advent International agreed to buy the satellite owner and operator.
Maxar stock was recently up about 120%.#Stock #maxar #acquire pic.twitter.com/VWTDIwMt6B— The_Journalbiz (@the_journalbiz) December 16, 2022
Factset Chart on stock jump after closing the deal
The deal is worth $6.4 billion including debt, making it one of the bigger buyouts to be announced during the past few months.
Advent International agreed to buy Maxar Technologies Inc. MAXR 122.90%increase; green up pointing triangle in a deal that values the satellite owner and operator at about $4 billion.
Advent is paying $53 a share for Maxar, the companies said, confirming an earlier Wall Street Journal report. Shares of Maxar, down 23.5% since the beginning of the year, closed at $23.10 on Thursday. They soared 120% pre-market on the news.
Including debt, the transaction is worth $6.4 billion, making it one of the bigger buyouts to be announced during the past few months, when market turmoil and a challenging financing environment have made it harder to do deals. The debt for the transaction will be supplied by a group of nonbank lenders.
