Terran Orbital tumbles as Lockheed Martin withdraws proposal to buy space firm
02/05/2024 22:35
** Shares of satellite maker Terran Orbital LLAP.N fall
19.4% to $1.04 in after-hours trading
** Lockheed Martin LMT.N says it notified Terran Orbital
it was withdrawing its proposal to acquire the space firm
** LMT, on March 1, submitted a non-binding proposal to buy
LLAP for $1 per share in cash
** Up to last close, stock had risen ~13% YTD
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))
Recent news on Terran Orbital
See all newsBrief: Terran Orbital Corp - Entered Into Amendment To Sophis Settlement Agreement
Brief: Terran Orbital Says Proxy Advisory Firms Glass Lewis And ISS Recommend Co's Stockholders Vote "For" Proposed Merger
Brief: Terran Orbital Corp- NYSE Notified Co On Failure To Satisfy A Continued Listing Rule Or Standard
Brief: Terran Orbital’s Pathfinder-R And Pathfinder-4 Scheduled For Launch
U.S. STOCKS ON THE MOVE-Boeing, AST SpaceMobile, Syndax