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

Comments

Display comments as (Linear | Threaded)

THANK GOD!!!

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

Add Comment

Name
Email
Homepage
In reply to	[ Top level ]#1: anon on 2008-05-08 18:38
Comment	Enclosing asterisks marks text as bold (*word*), underscore are made via _word_. Standard emoticons like :-) and ;-) are converted to images. E-Mail addresses will not be displayed and will only be used for E-Mail notifications To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly. Enter the string from the spam-prevention image above:
	Remember Information?   Subscribe to this entry