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SatixFy Communications Postpones Shareholder Meeting Amid Revised Merger Proposal

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SatixFy Communications Postpones Shareholder Meeting Amid Revised Merger Proposal

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The latest update is out from SatixFy Communications ( (SATX) ).

SatixFy Communications Ltd. announced the postponement of its Special General Meeting of Shareholders, originally scheduled for May 20, 2025, to May 23, 2025, due to a new acquisition proposal. The company received an acquisition proposal from a third party to acquire all outstanding shares in an all-stock transaction valued at approximately $233.5 million. In response, SatixFy and MDA Space Ltd. amended their existing merger agreement to increase the merger consideration to an all-cash transaction of $3.00 per share, valuing the company at approximately $280 million. The board of directors believes this revised offer provides the best value for shareholders and recommends voting in favor of the transaction.

The most recent analyst rating on (SATX) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on SatixFy Communications stock, see the SATX Stock Forecast page.

Spark’s Take on SATX Stock

According to Spark, TipRanks’ AI Analyst, SATX is a Underperform.

SatixFy Communications’ stock score reflects significant financial challenges, including negative equity and profitability issues, which are major concerns. While the technical analysis shows positive momentum, the negative P/E ratio and absence of dividends weigh on the valuation.

To see Spark’s full report on SATX stock, click here.

More about SatixFy Communications

SatixFy Communications Ltd. operates in the communications industry, focusing on satellite communications technology. The company is known for providing advanced satellite communication systems and solutions, with a market focus on enhancing connectivity and communication capabilities.

Average Trading Volume: 677,249

Technical Sentiment Signal: Buy

Current Market Cap: $176.8M

Find detailed analytics on SATX stock on TipRanks’ Stock Analysis page.

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