The Clap
Maxar (NYSE:MAXR), a space tech company, is going private after agreeing to be acquired by PE firm Advent International.
What
The deal values Maxar at $6.4bn, around 130% more than what the company is currently trading on in the market.
The deal comes at a price near the highs that Maxar was trading on in 2021 before falling off with other space stocks.
So What
The acquisition will help the company invest more in the business, speeding up its growth and further developing its satellite technologies.
Maxar’s CEO feels this acquisition comes at the right time and is a good decision.
Now What
It is unclear what the future will hold for Maxar following the agreement. The company has been given a 60-day period by Advent International to consider alternative offers.
