Gogo Stock Up After Accord to Sell Commercial Unit to Intelsat [TheStreet.com]
Gogo Inc. (GOGO)
Last gogo inc. earnings: 3/13 07:00 am
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US:NASDAQ Investor Relations:
ir.gogoair.com/investor-overview
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Source: TheStreet.com
Gogo Inc.(GOGOGet ReportAt last check Gogo shares jumped 26% to $6.48.The deal is expected to close by the end of first-quarter 2021."Following a competitive strategic review process, we're confident this transaction unlocks the full value of the commercial aviation business for shareholders," Gogo President and Chief Executive Oakleigh Thorne said in a statement."Combining CA, the leading in-flight-connectivity provider, with Intelsat, the world's largest global satellite operator, will create the leading vertically integrated [in-flight connectivity] business in the world."Gogo says it will remain a public company and will use the proceeds from the transaction to improve its net debt position and to invest in growth opportunities like Gogo 5G.Gogo says that will give it greater financial flexibility, including lower borrowing costs over time. The new company will be better positioned to scale its business-aviation segment, which it says is "well-positioned in an attractive and under
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GOGO
News
- Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Gogo Inc. (NASDAQ: GOGO) had its price target lowered by analysts at Morgan Stanley from $15.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- Gogo Secures FCC Regulatory Approval for Gogo Galileo TerminalsPR Newswire
- GOGO to Transform In-Flight Connectivity for Business Aviation [Yahoo! Finance]Yahoo! Finance
- Gogo Galileo Global Broadband Coming to European OperatorsPR Newswire
GOGO
Earnings
- 2/28/24 - In-Line
GOGO
Sec Filings
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GOGO's page on the SEC website