MDA Space and SatixFy amend merger agreement with increased consideration

MDA Space and SatixFy amended their merger agreement after a go-shop process. The new all-cash consideration is US$2.10 per share (unchanged), but the amendment follows a competing all-stock proposal from a third party valued at approximately US$233.5 million. The original deal valued SatixFy at about US$193 million.

“The amendment follows a go-shop process, conducted by SatixFy with the assistance of its financial advisor TD Securities (USA) LLC, in which approximately 75 third parties were contacted to determine whether they had an interest in making an Acquisition Proposal.”newswire.ca

• 1 source
• newswire.caMDA Space and SatixFy Announce Amended Merger Agreement for Increased Consideration and Postponement of Shareholder MeetingMDA SpaceMay 20, 2025

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