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MDA Space Raises SatixFy Offer by 43% to Counter Competing Bid
- MDA Space Ltd. Increased its takeover offer for Israeli satellite chipmaker SatixFy Communications Ltd. On May 20, 2025.
- The higher offer follows a competing bid that valued SatixFy at $2.53 per share during its 45-day go-shop period.
- MDA raised its price to $3 per share, implying a total equity value of approximately US$280 million and gained support from shareholders holding 57% of shares.
- Originally, MDA planned to acquire SatixFy at $2.10 per share for about US$193 million, with a planned payoff of SatixFy's $76 million debt.
- The revised bid closes SatixFy to other proposals, delays the shareholder vote to May 23, and aims to strengthen MDA's satellite supply chain.
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MDA Space raises SatixFy offer by 43% to counter competing bid
Canada’s MDA Space has increased its offer for SatixFy by 43% following a competing bid for the Israeli satellite chipmaker, bringing the total value of the deal to around US$280 million. The post MDA Space raises SatixFy offer by 43% to counter competing bid appeared first on SpaceNews.
·Mojave, United States
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