{"id":118089,"date":"2025-05-20T21:35:09","date_gmt":"2025-05-20T21:35:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/118089\/"},"modified":"2025-05-20T21:35:09","modified_gmt":"2025-05-20T21:35:09","slug":"mda-space-raises-satixfy-offer-by-43-to-counter-competing-bid","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/118089\/","title":{"rendered":"MDA Space raises SatixFy offer by 43% to counter competing bid"},"content":{"rendered":"

TAMPA, Fla. \u2014 Canada\u2019s MDA Space has increased its offer for SatixFy by 43% following a competing bid for the Israeli satellite chipmaker, bringing the total value of the deal to around US$356 million.<\/p>\n

MDA originally announced plans April 1 to buy SatixFy for $2.10 per share, representing a 75% premium over its March 31 closing price, in addition to paying off the company\u2019s $76 million in debt.<\/p>\n

However, during a 45-day \u201cgo-shop\u201d period in their agreement, SatixFy received a rival offer from an undisclosed third party valued at $2.53 per share. The counterproposal included a mechanism to limit the impact of stock price fluctuations.<\/p>\n

While MDA said May 20 it disputed the validity of that acquisition proposal, it nonetheless raised its own offer to $3 per share.<\/p>\n

The amended deal, backed by investors representing 57% of SatixFy\u2019s shares, prevents the company from considering further acquisition proposals.<\/p>\n

A shareholder meeting to approve the transaction, initially scheduled for May 20, has been postponed to May 23 to give more time to consider the revised offer.<\/p>\n

MDA said acquiring SatixFy would bolster the company\u2019s supply chain<\/a> as it scales up its satellite constellation manufacturing facilities.\u00a0<\/p>\n

\n\tRelated\n<\/p>\n

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\n\t\t\t\t\t\t\tJason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,…\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tMore by Jason Rainbow\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"TAMPA, Fla. \u2014 Canada\u2019s MDA Space has increased its offer for SatixFy by 43% following a competing bid…\n","protected":false},"author":2,"featured_media":118090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3844],"tags":[5253,52852,52853,70,413,16,15],"class_list":{"0":"post-118089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-space","8":"tag-ma","9":"tag-mda-space","10":"tag-satixfy","11":"tag-science","12":"tag-space","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/118089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=118089"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/118089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/118090"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=118089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=118089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=118089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}