HomeBusiness & MoneyMaxar Stock Soars. It's Being Bought by Advent for $6.4 Billion.

Maxar Stock Soars. It’s Being Bought by Advent for $6.4 Billion.




Maxar Technologies


stock was soaring more than 100% in premarket trading Friday after the space solutions company announced it will be bought by private-equity firm Advent International for $6.4 billion.

Advent agreed to acquire all outstanding shares of Maxar (ticker: MAXR) common stock for $53 a share in cash, which represents a premium of about 129% over Maxar’s closing stock price of $23.10 on Thursday.



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