MDA Space Ltd. and SatixFy Communications Ltd. have announced an amendment to their previously agreed-upon merger terms, resulting in an increased merger consideration. Initially, MDA was set to acquire SatixFy at US$2.10 per ordinary share, valuing the company at approximately US$193 million. Following a go-shop process, the terms have been revised to an all-cash transaction of US$3.00 per ordinary share, raising the aggregate equity value to about US$280 million. This increase comes after SatixFy received an alternative proposal during the go-shop period, which MDA disputed. The revised terms reflect SatixFy's commitment to not pursuing other acquisition offers and its Board's support for the merger with MDA.
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