WS #10988
Rocket Lab to acquire Iridium for ~$8B in cash and stock, creating a vertically integrated space company; Iridium holders to receive $27/share cash plus RKLB stock. US-Iran peace talks in question after weekend attacks in the Gulf; oil prices climbing, Strait of Hormuz traffic reduced but higher than during war.
Rocket Lab-Iridium Merger
Rocket Lab to acquire Iridium for ~$8B in cash and stock, creating a vertically integrated space company; Iridium holders to receive $27/share cash plus RKLB stock.
US-Iran peace talks in question after weekend attacks in the Gulf; oil prices climbing, Strait of Hormuz traffic reduced but higher than during war.