IRDM Stock Surge: Rocket Lab Acquisition Premium or Satellite Infrastructure Revaluation?
Key Takeaways Iridium Communications (IRDM) surged after Rocket Lab announced a definitive agreement to acquire the company in a cash-and-stock transaction. The deal has a notional value of $54.00 per Iridium share and an enterprise value of approximately $8.0 billion. Iridium shareholders are expected to receive $27.00 in cash plus Rocket Lab shares, making IRDM’s … Read more