Iridium Stockholders Approve Acquisition by Rocket Lab
Iridium stockholders approved the merger agreement under which Rocket Lab will acquire Iridium, with 99.6% of votes cast in favor, representing about 81.0% of outstanding shares. Under the deal terms, Iridium holders receive $27.00 in cash plus Rocket Lab stock per share via an exchange ratio subject to a collar, for a notional value of $54.00 per Iridium share.
Key figures
- Deal Value Usd
- $54.00 per share notional value
- Expected close
- mid-2027
- Votes in favor pct
- 99.6%
- Pct of outstanding shares
- 81.0%
- Cash consideration per share
- 27
AI analysis
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