CPI Antenna Systems Division to Buy Antenna Division of Viasat

On March 12, Communications and Power Industries LLC (CPI) announced that its Antenna Systems Division signed an agreement to purchase the limited-motion satellite antenna division of Viasat, Inc. (VSAT). By selling its antenna systems division, Viasat will be able to focus more on its core business of antenna and communications technologies for broadband markets. The sale is expected to close in the next 30 days.

 

Sonal received the news at 8:30 am and sent an alert to subscribers. Viasat’s next trade took place at the market open for $72.99. After a spike at the open, the stock price had a small fade back before trending higher for the remainder of the day. Viasat closed at $75.46 on the day of the announcement.

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