Maxar Technologies announces completion of “go-shop” period

Maxar Technologies announced the expiration of the 60-day "go-shop" period pursuant to the terms of the definitive merger agreement to be acquired by global private equity investors Advent International. Advent has agreed to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. During the "go-shop" period, Maxar and representatives of J.P. Morgan engaged with or actively solicited alternative acquisition proposals from 36 potentially interested third parties with respect to a possible alternative transaction to the merger. Maxar did not receive any competing acquisition proposals during the "go-shop" period. The transaction remains subject to the satisfaction of customary closing conditions, including approval by Maxar stockholders and receipt of regulatory approvals. The transaction received U.S. antitrust clearance at the end of January and remains on track to close in mid-2023. Upon completion of the transaction, Maxar’s common stock will no longer be publicly listed, and Maxar will become a privately held company.