Maxar Technologies stockholders approve acquisition by Advent

Maxar Technologies announced that at Maxar’s Special Meeting of Stockholders held earlier today, the company’s stockholders voted to adopt the Agreement and Plan of Merger, whereby Maxar will be acquired by Advent International, one of the largest and most experienced global private equity investors. Under the terms of the merger agreement, Maxar stockholders will receive $53.00 per share in cash for every share of Maxar common stock they own immediately prior to the effective time of the merger. At the Special Meeting, approximately 99.6% of the shares voted were voted in favor of the transaction, which represented approximately 75.4% of the total outstanding shares of Maxar common stock as of March 15, 2023, the record date for the Special Meeting. "We thank our stockholders for their strong support of this transaction," said General Howell M. Estes, III (USAF Retired), Chair of Maxar’s Board of Directors. "We look forward to completing the transaction with Advent and marking the beginning of a new chapter for Maxar’s future."