Gogo Agrees To Acquire Satcom Direct For $375M In Cash, And 5M Shares Of Gogo Stock At Closing; Agreement Also Provides For Potential Additional Consideration
Portfolio Pulse from Benzinga Newsdesk
Gogo has agreed to acquire Satcom Direct for $375 million in cash and 5 million shares of Gogo stock, with potential additional payments of up to $225 million. The acquisition is expected to be immediately accretive to earnings and free cash flow, with significant cost synergies anticipated.
September 30, 2024 | 11:04 am
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Gogo's acquisition of Satcom Direct for $375M in cash and 5M shares is expected to be immediately accretive to earnings and free cash flow, with $25-30M in cost synergies.
The acquisition is expected to be immediately accretive to Gogo's earnings and free cash flow, indicating a positive impact on the company's financial performance. The anticipated cost synergies further enhance the potential benefits of the deal.
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