LA PLATA, Maryland — Canada’s MDA Space is purchasing Israel-based Satixfy Communications Ltd., a designer/builder of satellite computer chips and already an MDA supplier, for 15 times Satixfy’s expected fiscal-year 2024 revenue and a 52% premium over where Satisfy’s stock traded in the 30 days ending March 31.
MDA said the transaction, for $2.10 per Satixfy share, or $193 million, also includes MDA’s retirement of $76 million in Satixfy debt, for a total cash value of $269 million. Satixfy estimates its fiscal . . .
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