Why Is ViaSat Stock Up Thursday
Portfolio Pulse from Anusuya Lahiri
ViaSat (NASDAQ:VSAT) stock is up after the European Commission unconditionally approved its acquisition of Inmarsat. The approval follows clearances from the UK Competition & Markets Authority and the US Federal Communications Commission. The transaction is expected to close by the end of the month.
May 25, 2023 | 4:44 pm
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ViaSat's stock is up after receiving the European Commission's approval for its acquisition of Inmarsat. The deal is expected to close by the end of the month.
The European Commission's approval of ViaSat's acquisition of Inmarsat is a significant milestone for the company. This follows clearances from other regulatory authorities, indicating a smooth completion of the transaction. The acquisition is expected to create a leading global communications innovator, which could positively impact ViaSat's stock price in the short term.
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