** Shares of satellite chipmaker SatixFy Communications SATX.A rise 65% to $1.98
** SATX to be acquired by Canada-based space firm MDA Space MDA.TO for $2.10/shr in an all-cash transaction, a 75% premium to SATX's last close, cos say
** Deal values SATX at about $193 million in equity value
** Deal expected to close in Q3 2025
** Acquisition aims to enhance MDA Space's end-to-end satellite systems as demand grows
** Deal expected to be accretive to MDA Space's earnings by 2027
** Including session move, SATX up 29.7% YTD
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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