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Why Terran Orbital Stock Is Up Today

TheMotleyFool

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Why Terran Orbital Stock Is Up Today: https://g.foolcdn.com/editorial/images/767945/rocket-with-dollar-sign-payload-launches-to-the-moon.jpg

Shares of space satellite manufacturer and former SPAC company Terran Orbital (NYSE: LLAP) leapt 11.2% through 10:45 a.m. ET on Monday in response to news the company may soon be acquired.

On Friday last week, after the close of stock market trading, CNBC reported that Lockheed Martin (NYSE: LMT) has made a cash offer to acquire Terran Orbital at a price valuing the company at $600 million. Seeing as Terran Orbital currently costs just a hair over $200 million, this appears to be an attractive offer. Indeed, you'd think it would be an offer that Terran Orbital shareholders should jump at.

But not so fast.

Source Fool.com

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