Space company Maxar agrees to go private in $6.4 billion deal

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Space infrastructure and imagery company Maxar agreed to go private through a deal led by Advent International.

since he was appointed CEO in January 2019, with the stock trading near $5 a share. The deal price with Advent is near the highs Maxar shares hit in early 2021, before dropping alongside other space stocks this year.

"We took a very hard and thoughtful look at all of the factors," Jablonsky said. "This turned out to be the right transaction at the right time." A key aspect of Maxar's agreement with Advent is a 60-day "go-shop period," which ends on Feb. 14, for the company to consider alternative proposals. Because of that, Jablonsky noted that it's "still very early days" for what the future of Maxar would look like under Advent. He declined to comment on whether the new owners may look to carve out Maxar's businesses, in satellite imagery and manufacturing – or whether he'll stay on.

"Love what we've built and what we're doing here and probably can't say a lot beyond that right now," Jablonsky said.

 

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