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Maxar completes $6.4B sale to private equity


Maxar Technologies, the satellite imaging and manufacturing company, has completed its $6.4 billion sale to private equity.
The company announced on Wednesday that it was no longer listed on the New York Stock Exchange following the closing of the acquisition by PE firm Advent International and minority investor British Columbia Investment Management Corporation. It will shortly be delisted from the Toronto Stock Exchange.
The entities announced their merger agreement in December, stipulating that outstanding Maxar shares would be acquired for $53 per share in an all-cash deal.
The Westminster, Colorado-based space company is the result of a 2017 merger between DigitalGlobe and MDA Holdings Company. The company later sold MDA’s assets for $1 billion CAD ($765 million …

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