Maxar was bought out of the stock exchange for $6.4 billion
[ad_1]
The company Maxar Technologies, which is engaged in satellite surveying and has repeatedly published satellite images of occupied Ukraine, has completed a sale to private shareholders for $6.4 billion. This is reported by TechCrunch.
Photo: maxar.com 0
► Read “Ministry of Finance” on Instagram: the main news about investments and finances
On Wednesday, the company announced that its shares are no longer listed on the New York Stock Exchange after closing an agreement with private investment company Advent International and minority investor British Columbia Investment Management Corporation. It will soon be delisted from the Toronto Stock Exchange.
The companies announced their merger agreement back in December. It was then predicted that the outstanding shares of Maxar would be purchased for $53 per share.
The space company, based in Westminster, Colorado, is the result of the merger of DigitalGlobe and MDA Holdings Company, which took place in 2017. The company later sold the assets of MDA for 1 billion Canadian dollars ($765 million).
Ups and downs
The Maxar company has experienced a number of ups and downs. It ended 2018 with a loss of $1.26 billion due to a drop in its stock price, partly due to the loss of its main imaging satellite.
But since then, the company has steadily recovered its share price, ending 2022 with a profit of $2 billion. The company received major contracts from the US government and the Department of Defense, including a $3.2 billion contract from the National Intelligence Service last year.
Maxar recently received a contract from the National Geospatial Intelligence Agency worth up to $192 million over five years.
Conference “Invest Talk Summit” Find out how to make money on investments in 2023-2024! Details on the website.
Promo code for a 10% discount: minfin10.
🕵️ We created a small survey to learn more about our readers.
💛💙Your answers will help us become the best, pay more attention to topics that are interesting to you. 🤗 We will be grateful if you find a minute to answer our questions.
Author: 
News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance
Views: 18
[ad_2]
Original Source Link
