Shares of Maxar more than doubled in premarket trading on Friday.
Advent will pay $53 a share for Maxar, the WSJ report said, adding that including debt, the transaction is worth $6.4 billion, making it one of the bigger buyouts to be announced during the past few months.
The debt for the transaction will be supplied by a group of non-bank lenders, according to the report.
Maxar and Advent did not immediately respond to Reuters request for comment.
Westminster, Colorado-based Maxar, which has a market cap of $1.72 billion, is a satellite imaging company that observes changes on Earth and analyzes data. Images of the battlefield in Ukraine are often provided by Maxar.
© 2022 Thomson/Reuters. All rights reserved.
Read the full article here