Maxar Technologies, a provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced that it has received the majority of the regulatory consents required for the Company’s previously announced transaction to be acquired by Advent International, a global private equity investor.
Advent has agreed, pursuant to a definitive merger agreement, dated December 15, 2022, to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash.
The transaction also remains subject to the satisfaction of other customary closing conditions, including approval by Maxar stockholders and the receipt of approvals from certain other authorities. Both Institutional Shareholder Services and Glass, Lewis & Co., LLC, leading proxy advisory firms, have recommended that stockholders vote for the proposal to approve the proposed acquisition.
Maxar and Advent currently anticipate that the proposed transaction will close in late April or early May of 2023, subject to satisfaction or waiver of all other closing conditions, including receipt of outstanding regulatory approvals.
