MDA Shareholders Approve Sale Of Space Assets To ATK
By Staff Writer | March 12, 2008
[Satellite Today – 3-12-08] Shareholders of MacDonald, Dettwiler and Associates Ltd. (MDA) approved the sale of the company’s Information Systems and Geospatial Services business to ATK, MDA announced March 12.
MDA announced in January that it had agreed to sell its space businesses to ATK for $1.3 billion dollars. The transaction already had been approved by each company’s board and is expected to close early in the second quarter subject to U.S. and Canadian regulatory approvals.
ATK will create a separate business group, ATK Space Systems, which will include the operations being acquired from MDA as well as other synergistic business assets of ATK.