Satellite communications provider SpeedCast is raising $295 million to buy its US-based rival CapRock from Harris Corporation.
The deal was announced last night in the United States.
Credit Suisse and UBS are handling the accelerated renounceable rights offer, with shares offered at $3.10, a 21 per cent discount to yesterday’s closing price.
The deal is valued at $US425m and will put SpeedCast (SDA) at the top of the maritime satellite services market.
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Livingbridge puts GP business up for sale
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