M&AIndustrialsSIGNED
Tessera Makes Payment to Secure Previously Granted Option on World Leader in Tethered Aerostat and Aerospace Technology
Value
$13M
Acquirer
Tessera
Target
RT
Tessera has completed a $1 million refundable payment to secure a 90-day option to acquire 51% of RT, a leader in tethered aerostat and aerospace technology. The acquisition is based on an equity value of up to $13 million.
✦ Meridian Analysis
This is a rumoured acquisition where Tessera has secured a 90-day option to acquire a controlling stake in an aerospace technology firm. The transaction is contingent on further steps, with no details provided on the financing for the full acquisition or the identity of the target beyond its sector.
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