, 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.