# 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.

- Type: Acquisition
- Announced: 2025-05-20
- Where: Canada
- Value: $193.0M
- Status: announced
- Products: satellite communication systems, chipsets
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MDA Space](https://endata.com/companies/77699.md) (acquirer)
- [SatixFy Communications](https://endata.com/companies/78068.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/mda-space-and-satixfy-announce-amended-merger-agreement-for-increased-consideration-and-postponement-of-shareholder-meeting-821268254.html), 2025-05-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.