Will GOGO Stock Benefit From Satcom Direct Buyout Deal?

Gogo Inc. (GOGO) recently announced a definitive deal to acquire Satcom Direct for $375 million cash and five million GOGO shares at closing. In addition, Satcom Direct is entitled to receive an additional $225 million contingent to certain performance thresholds over the next four years. Satcom Direct has an extensive international sales and service footprint and operates as the leading global Business Aviation (BA) geostationary (GEO) satellite in-flight connectivity service provider. With this deal, Gogo ...