(Bloomberg) — Maxar Technologies Inc. rallied after it agreed to sell its Canadian space and defense unit MDA to a consortium led by Northern Private Capital for C$1 billion ($770 million) to help pay down debt and prioritize investments in core businesses.The sale includes all of MDA’s Canadian businesses, including ground stations, radio satellite products, robotics, defense and satellite components, and represents 1,900 employees, the Westminster, Colorado-based company said Monday in a statement. Shares of Maxar jumped as much as 23% Monday, to the highest since November 2018.MDA will operate as a standalone company within the portfolio of Toronto-based Northern …read more
Source:: Yahoo Finance
