Maxar Technologies shares gain after news of rumored acquisition❗

Maxar Technologies (MAXR.US) shares soared more than 100% before the opening of today's Wall Street session on news of the company's acquisition by private-equity fund Advent, WSJ reports. The deal is priced at $33 per share, and the total value of the acquisition will be worth nearly $4 billion (with the company's debt close to $6.4 billion). The Maxar company is engaged in imaging and satellite analysis. The company's solutions are used in both military and civilian industries.

The deal is expected to be disclosed this afternoon, according to WSJ.

Source: xStation 5

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