Why Maxar Technologies Stock Just Jumped 12.5%
Two and a half years ago, satellite imaging company DigitalGlobe disappeared from the public markets when Canadian space tech firm MacDonald, Dettwiler and Associates, or MDA, bought it in a deal then valued at $3.6 billion. Today, the combined firm that resulted from that merger is known as Maxar Technologies (NYSE: MAXR) -- and the whole kit and caboodle is worth less than $1 billion.
But at least it's worth a bit more today than it was on Friday.
Why? This morning, Maxar announced that it is selling MDA...and keeping DigitalGlobe.
Source Fool.com
