MDALF - Why SatixFy Communications Shares Are Shooting Higher? | Benzinga
SatixFy Communications Ltd (NYSE: SATX) shares are trading higher by over 26% after it inked a deal with MDA Ltd. (OTC: MDALF) to sell its digital payload division, SatixFy Space Systems UK Ltd., for $40 million.
Apart from the divestiture deal, the transaction includes $20 million in advanced payments under new commercial agreements, comprising the previous advanced payment of $10 million made in ...