RKLB, IRDM

, IRDM

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Date: --/--/-- --:--:--
Event Id: E5L3P3XVS
Action Type: ACQUISITION
Action Status: ANNOUNCED
Acquirer Symbol:
Target Symbol: IRDM
Updated: --/--/-- --:--:--
Purchase Price Per Share: 54
Price Per Share Currency: USD
News References: https://www.prnewswire.com/news-releases/rocket-lab-to-acquire-iridium-in-historic-deal-creating-a-fully-vertically-integrated-space-powerhouse-primed-for-growth-302813075.html

Action Notes

Rocket Lab Corporation (Nasdaq: RKLB) ("Rocket Lab"), a global leader in launch and space systems and Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction. This represents an enterprise value for Iridium of approximately $8.0 billion.