Advent buys aerospace company Maxar for $6.4 billion - the stock will be paid 129% more than its real price

Advent International has agreed to buy the American aerospace company Maxar Technologies.

Here's What We Know

The agreement calls for the purchase of all of Maxar's common stock at $53 per unit. This is 129% higher than the value at the close of trading on December 15 on the New York Stock Exchange. Last Thursday, Maxar's stock plummeted more than 20 percent to $23.1.

The acquisition of the aerospace company would be the largest deal in months. Advent will pay $6.4 billion including debt, with Maxar valued at about $4 billion. After the purchase, the new owner intends to accelerate the launch of a new constellation of satellites.

Maxar Technologies is a Colorado-based company that provides space imagery services for a variety of clients, including government agencies. Since February 24, it has repeatedly published satellite images of destroyed Russian military equipment or targets that have been struck.

Source: Defense News
Image: Maxar