Thursday May 8
Tories set to confirm final ruling that stops Radarsat sale to U.S. firm
“That's not part of the process that I followed in terms of reviewing the transaction.”
- The Conservative government is set to confirm a final decision on whether Canada's biggest space technology firm will be sold to an American buyer.
Industry Minister Jim Prentice shocked many industry observers last month when he rejected the sale of Vancouver-based MacDonald, Dettwiler and Associates Ltd., (TSX:MDA) to Alliant Techsystems Inc., of Minnesota.
Prentice said the sale did not appear to be of net benefit to Canada, and Prime Minister Stephen Harper trumpeted the decision in the House of Commons. Read more
Posted by The Canadian Press
Full Story: The Canadian Press
Complete Coverage: 5 stories
- Canadian Business Magazine - Tories set to confirm final ruling that stops Radarsat sale to U.S. firm
- The Globe and Mail - Lost in space
- Globeinvestor.com - Lost in space
- 2 more...
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