Maxar Technologies says Spruce Point report contains 'inaccurate claims'
Maxar Technologies said that the report on the company released by Spruce Point Capital Management contains "a number of inaccurate claims and misleading statements."Maxar believes it is a direct attempt by a short-seller to profit, at the expense of Maxar shareholders, by manipulating Maxar's stock price. "Maxar continues to execute against its strategy, and recently reaffirmed its full year 2018 guidance for revenue and cash flow from operations, while increasing its full-year adjusted EPS outlook," the company said. "Maxar believes that the Company remains positioned for future growth. Management and the Board of Directors are focused on delivering enhanced value for all Maxar shareholders."