Lockheed Martin reportedly offered to acquire Terran Orbital for $1 per share, valued at $577.5M.
Terran Orbital shares surged 11.2% after rumors of a possible acquisition by Lockheed Martin. Lockheed Martin reportedly offered $1 per share for Terran Orbital, which would result in a deal value of approximately $577.5 million. Terran Orbital's weak financial position may make it more likely to accept the offer. However, Terran Orbital has since introduced a "poison pill" shareholder rights plan to prevent hostile takeover attempts while its management evaluates the acquisition offer.
March 04, 2024
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