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In the meantime, CGS-CIMB reckons that the company could start to accelerate its merger and acquisition efforts given its stabilising cargo business and strong cash position. SATS’s last acquisition target was Monty’s Bakehouse, an innovative sustainable packaging company, the brokerage notes. As at 11.36 am, SATS was up 8 cents or 2.1% at $3.93 with 1.2 million shares changed hands.