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Friday, April 11, 2008

Canada Rejects Alliant Bid for MDA Space Unit

The $1.32 billion bid by Alliant Techsystems Inc., to purchase the space and radar business of MacDonald, Dettwiler and Associates feel through. No real reason was given by the Canadian government, save a lack of benefit to Canada, per the industry minister who sent the rejection letter to Alliant this week. Alliant has 30 days to reply and talks are apparently ongoing.

- Baltimore Sun

by Adena Schutzberg on 04/11 at 08:11 AM | Comments | Bookmark and Share

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