DigitalGlobe Shareowners Approve Merger with MDA
DigitalGlobe’s shareowners have overwhelmingly voted to approve the company’s proposed merger with MacDonald, Dettwiler and Associates (MDA) at a meeting held on July 27. According to DigitalGlobe, approximately 93 percent of the shares represented and voting at the meeting voted in favor of the merger.
More than 53 million, or 81 percent, of DigitalGlobe’s outstanding shares were voted at the meeting. The company will report final results of the vote in a Form 8-K as required by U.S. Securities and Exchange Commission (SEC) rules.
MDA separately announced that its shareowners also overwhelmingly voted to approve the issuance of MDA common shares to the holders of DigitalGlobe stock and certain equity awards in connection with the merger.
The transaction is expected to close in or shortly after the third quarter of 2017.
“This marks an important milestone in bringing together our two companies. Upon completion, this combination will expand our capabilities, increase our scale and diversify our revenue,” said Jeffrey Tarr, DigitalGlobe Chief Executive Officer (CEO).