** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.