Johnson Fistel is investigating the proposed acquisition of Iridium Communications by Rocket Lab Corporation to determine whether the deal is fair to Iridium shareholders. Under the proposed terms, Iridium shareholders would receive $27.00 in cash and a number of Rocket Lab shares calculated pursuant to an exchange ratio, subject to a collar, for each Iridium share, with a notional value of $54.00 per share. The investigation will examine whether the merger consideration fully reflects Iridium’s long-term strategic value, whether shareholders are being asked to accept a substantial stock component exposing them to Rocket Lab’s risks, whether the board conducted a robust sales process, whether all material information will be disclosed, and whether conflicts of interest influenced the deal. Iridium shareholders are encouraged to contact Johnson Fistel to discuss their legal rights.
Iridium Communications IncInvestigation into fairness of acquisition deal; outcome uncertain for shareholders.
Rocket Lab USA Inc.Rocket Lab is the acquirer; deal scrutiny may affect terms or completion.
Johnson Fistel gains legal business from the investigation.