Iridium shares climb with Rocket Lab deal spread at 2.7%, $54 offer in focus
Iridium Communications traded at $52.56 before the market opened Monday, up from its $43.52 finish Friday but still under Rocket Lab’s $54 a share bid in cash and stock. That left a $1.44 discount, or about 2.7% below the offer, with the spread showing what the market sees in terms of deal timing, signoff and risks tied to Rocket Lab shares.