Lockheed Martin Signs Definitive Agreement To Acquire Terran Orbital For $0.25/Share In Cash For Each Outstanding Share Of Common Stock And Retire Its Existing Debt; Enterprise Value ~$450M
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Lockheed Martin has signed a definitive agreement to acquire Terran Orbital for $0.25 per share in cash for each outstanding share of common stock and will retire its existing debt. The enterprise value of the deal is approximately $450 million.
August 15, 2024 | 12:47 pm
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Terran Orbital will be acquired by Lockheed Martin for $0.25 per share in cash, and its existing debt will be retired. The enterprise value of the deal is approximately $450 million.
The acquisition by Lockheed Martin provides a clear exit strategy for Terran Orbital shareholders at a defined price, which is likely to be seen as a positive outcome given the retirement of existing debt and the cash offer.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Lockheed Martin has signed a definitive agreement to acquire Terran Orbital for $0.25 per share in cash and will retire its existing debt. The enterprise value of the deal is approximately $450 million.
The acquisition of Terran Orbital by Lockheed Martin is likely to be viewed positively by investors as it expands Lockheed Martin's capabilities in the aerospace sector and eliminates Terran Orbital's debt, potentially leading to synergies and growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100