Friday May 9
Time's up for U.S. firm to appeal federal rejection of Radarsat sale
- The deadline for an American arms-maker to appeal the federal rejection of its bid to buy Canada's premier space technology firm has passed.
Industry Minister Jim Prentice turned down the $1.3 billion bid by Alliant Techsystems Inc., of Minnesota last month, saying it was not of net benefit to Canada.
The giant U.S. munitions and rocket component maker had hoped to buy the entire space division of MacDonald, Dettwiler and Associates Ltd., of Vancouver (TSX:MDA).
The deal included the taxpayer-subsidized Radarsat 2 satellite, the Canadarm and Dextre robotics. Read more
Posted by The Canadian Press
Full Story: The Canadian Press
Complete Coverage: 24 stories
- Dose - Government stands firm on blocking space company deal
- The Globe and Mail - Ottawa reaffirms decision to block MDA deal
- The Globe and Mail - U.S. firm expecting final 'no' from Ottawa over sale
- 21 more...
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