CSG's Purchase of MDA Space Stake Should Benefit Both Companies
Dow Jones10-13
0730 GMT - CSG's acquisition of a stake in Canadian space technology company MDA Space should be mutually beneficial, Jefferies analysts write. It is difficult to assess the true impact of the 9.5% stake on CSG, as so far the company has only confirmed it will explore potential collaboration. No value was disclosed for the transaction, but at yesterday's close it would imply a price of 620 million Canadian dollars, the analysts note. MDA is heavily focused on the Canadian market, with only 5% of 2025 sales in Europe, meaning the development of an international presence would benefit both companies, Jefferies says. Shares are down 0.1%.
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