🟢 IRDM is trading 19.7% up today after Rocket Lab agrees to $8B acquisition deal

IRDM is trading 19.7% up at $52.10 after Rocket Lab agreed to acquire Iridium Communications in an approximately $8 billion cash-and-stock transaction.

• The deal values IRDM shares at $54 each, driving a sharp re-rating toward the agreed takeover price.
• Under the terms unanimously approved by both boards, shareholders will receive $27 in cash plus Rocket Lab stock for each share held.