Maxar Technologies (T.MAXR) hit a new 52-week high of $69.75 Friday. Maxar announced Friday that it has entered into a definitive merger agreement to be acquired by Advent International, one of the largest and most experienced global private equity investors, in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion. Advent is headquartered in the United States and has a demonstrable track record as a responsible owner of defense and security businesses. Following the close of the transaction, Maxar will remain a U.S.-controlled and operated company.
Turquoise Hill Resources Ltd. (T.TRQ) hit a new 52-week high of $42.99 Friday. Turquoise Hill announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon) involving the Company and Rio Tinto International Holdings Limited
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