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

Maxar Technologies


stock was soaring 115% in premarket trading Friday after the space solutions company announced that it will be bought by private-equity firm Advent International for $6.4 billion .

Advent has 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.