Maxar’s headquarters. Photo: Maxar Technologies

Maxar’s shareholders approved the acquisition by Advent International, at a price of $53 in cash per share. Approximately 99.6% of the shares that voted in a special meeting voted in favor of the transaction, representing approximately 75.4% of the total outstanding shares of Maxar common. 

This approves the transaction to take Maxar private in a premium price deal, announced in mid-December. 

Maxar and Advent currently anticipate that the transaction will close in late April or early May of 2023. It still needs to receive some regulatory approvals.

“We thank our stockholders for their strong support of this transaction,” commented Howell M. Estes, III, retired U.S. Air Force general and chair of Maxar’s board of directors. “We look forward to completing the transaction with Advent and marking the beginning of a new chapter for Maxar’s future.”