By Ross Wilkers
Mar 01, 2021
The start of a new month once again brings to the market a familiar theme: Multiple announced and/or completed merger-and-acquisition transactions revealed on day one.
Here is an overview of the other deals that kicked off March that begin with a seller we have had close eyes on.
L3Harris Technologies (seller)
What is being sold The military training business will go to CAE, while the combat propulsion unit will go to German company Renk AG.
What is being fetched A total of $1.45 billion combined, with the military training divestiture at a $1.05 billion price tag and combat propulsion systems for $400 million.
ST Engineering Geo-Insights Partners with BlackSky to Offer Expanded Satellite Imaging and Analytics Insights Portfolio for Customers in Southeast Asia
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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Osprey Technology Acquisition Corp - SFTW
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The four-day trading week saw no weakness in SPAC deal announcements or headlines, all of which we followed on Benzinga s SPACS Attack show.
Here is a look back at the deals announced, some new SPACs to watch and top headlines.
SPAC Deals: There were eight announced SPAC deals during the week. The results were mixed as we saw some strong pops on deals and several of the names end their announcement day trading down.
Satellite company BlackSky announced a merger with
Osprey Technology Acquisition Corp (NYSE: SFTW). The deal included financial backing from Peter Thiel. BlackSky uses artificial intelligence and machine learning with its observation satellites. The company has five satellites in commercial operation, with plans to add nine more in 2021.