Richmond, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd., a provider of essential information solutions, announced that it has today received a request for additional information, often referred to as a “second request” from the U.S. Department of Justice (“DOJ”), in connection with MDA’s proposed acquisition of Space Systems/Loral Inc. (“SS/L”). A second request may be a part of the review process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). The second request seeks additional information primarily regarding MDA’s Montreal satellite communications antenna and payload business.
The effect of the second request will be to extend the waiting period imposed by the HSR Act until 30 days after MDA has substantially complied with the second request.
MDA will continue to work closely and cooperatively with the DOJ as it conducts its review of the proposed transaction in order to respond to any questions the DOJ may have.
About the Transaction
On June 26, 2012, Loral Space & Communications Inc., the parent company of SS/L, and MDA executed a definitive agreement for the purchase of SS/L. The agreement is subject to applicable regulatory approvals and certain closing conditions customary for this type of transaction. Headquartered in Palo Alto, California, SS/L is the global market leading provider of commercial communications satellites, serving a global customer base.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.