Has Terran Orbital Missed Its Chance to Sell Out to Lockheed Martin?
Terran Orbital(LLAP) fool.com·2024-05-29 18:06
Lockheed offered to pay $1 a share for Terran Orbital. Terran may wish it had said yes -- but now it's too late.I hate to say "I told you so" -- but I did.It's been nearly three months now since Lockheed Martin (LMT -1.90%) offered to buy out its satellite-building subcontractor Terran Orbital (LLAP 3.49%) in a $600 million transaction that valued Terran at a whopping $1 a share.At the time, Terran Orbital stock was selling for $1.20 per share, which made Lockheed's $1 offer seem not so great. Nevertheless, ...