October 21, 2008

SNC Buys Spacedev

SpaceDev Signs Agreement to Be Acquired by Sierra Nevada Corporation

"SpaceDev, Inc. announced [Monday] that it has signed an agreement to be acquired by privately-held Sierra Nevada Corporation (SNC). Under the agreement, SNC would acquire for cash the outstanding equity of SpaceDev for the gross purchase price of $38 million, which after certain deductions is expected to result in a net price to holders of SpaceDev common stock between $0.68 and $0.72 per share. The expected price represents a premium of between 42% and 50% over the average closing price of SpaceDev's common stock over the 30 trading days preceding this announcement."


Posted by kcowing at October 21, 2008 9:40 AM
Comments

$38 dollar for a space company, what a bargan.

Posted by: Saber at October 21, 2008 11:47 AM

I mean 38 million dollars.

Posted by: Saber at October 22, 2008 12:54 PM
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