Benzinga | Dec 21, 2020 06:02AM EST

Viasat to Acquire RigNet in All-Stock Transaction

- Strategic combination expands Viasat's commercial connectivity offering

- RigNet stockholders to receive 0.1845 shares of Viasat stock per RigNet share, a 17.9% premium over both companies' 20-day volume-weighted average prices

- RigNet's Board of Directors and largest stockholder support transaction

- Transaction expected to close by mid-calendar year 2021

- Investor Conference Call Scheduled for Monday, December 21, 2020 at 8:30 a.m. Eastern Time