Thursday, May 8. 2008

Final Day for Canadian Gov on MDA Sale to Alliant

Just about a month ago Canadian Industry Minister Jim Prentice rejected the proposed $1.3 billion sale of MDA's space and information systems divisions (maker of the Radarsat-2 satellite) to Alliant Techsystems Inc. The reason: there was no "net benefit" for the country.

Alliant had 30 days to respond and convince official otherwise. Today's the end of that period and it looks like the decision will stand. Alliant announces year end earnings today. It's expected charges related to the failed purchase will be applied to Q4 earnings.

- CBC

Posted by Adena Schutzberg in Geospatial Business at 09:15 | Comment (1) | Trackbacks (0) |

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THANK GOD!!!

#1 anon on 2008-05-08 18:38 (Reply)

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