MDA Space is trading 4.7% up at $30.97 in pre-market trading after pricing C$600 million in senior unsecured notes to fund its acquisition of a U.S. defense satellite maker.
- The financing removes uncertainty regarding the funding of the company's largest acquisition in years, drawing significant investor interest.
- Shares are rebounding from a 4.2% decline in the previous session, having already surged 7.8% in Friday's after-hours trading following the announcement.