CA - Maxar receives no competing offers in go-shop period
- Space and satellite imagery company Maxar Technologies ( NYSE: MAXR ) announced on Wednesday the expiration of the 60-day "go-shop" period pursuant to its previously announced definitive merger agreement with Advent International.
- In December 2022, Advent agreed to acquire Maxar ( MAXR ) in an all-cash transaction that values the latter at an enterprise value of ~$6.4B. Advent will acquire all outstanding shares of Maxar common stock for $53.00 per share in cash.
- The "go-shop" period expired on February 14, 2023. Maxar ( MAXR ) did not receive any competing acquisition proposals during the "go-shop" period.
- The deal received U.S. antitrust clearance pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 at the end of January and remains on track to close in mid-2023. Upon completion, Maxar will become a privately held company and its common stock will no longer be publicly listed.
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Maxar receives no competing offers in go-shop period