SatixFy Shareholders Overwhelmingly Approve Acquisition by MDA Space, Transaction Expected to Close in Q3 2025
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SatixFy Communications Ltd. shareholders have approved the acquisition by MDA Space, with over 99% voting in favor at a special meeting on May 23, 2025. The all-cash transaction is expected to close in Q3 2025. CEO Nir Barkan highlighted the merger's strategic fit and value creation amid the market's shift from analog to digital technologies.
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