MDA, DigitalGlobe Shareholders Set July 27 Vote on $3.6B Merger Plan

DigitalGlobe and Canada-based MacDonald, Dettwiler and Associates are scheduled to hold their respective shareholder meetings July 27 to decide on MDA’s proposed $3.6 billion acquisition of the Westminster, Colorado-based Earth imaging services provider originally announced in February.

Both companies also refiled a joint voluntary notice to the Committee on Foreign Investment in the U.S. in an effort to provide CFIUS more time to complete its assessment of the pending merger, MDA said Wednesday.

CFIUS will begin a 30-day evaluation period upon receipt of the notice.

DigitalGlobe seeks to keep its Westminster headquarters and operate as a separate division of MDA’s operating subsidiary SSL MDA Holdings upon closure of the deal.

MDA aims to ensure the incorporation of the parent of DigitalGlobe in the U.S. by 2019 as part of a strategy to provide communications and information technology services for classified space programs at federal agencies such as NASA and the Defense Department.

In October, MDA appointed new board of directors and senior executives in support of the U.S. Access Plan.

Both companies expect to complete the merger in the second quarter of calendar year 2017 or shortly thereafter.

You may also be interested in...

ArchIntel

ArchIntel Offering Competitive Intelligence Roundtable Membership to Enhance CI Collaboration

ArchIntel, the market leading provider of open source daily intelligence, competitive intelligence reports and competitive intelligence events, is now offering a Competitive Intelligence Roundtable Membership for CI professionals at the executive level to privately discuss the challenges and best practices for the competitive and market intelligence sectors. 

SOSi CEO Julian Setian Receives Wash100 Award

SOSi CEO Julian Setian Receives Second Consecutive Wash100 Award for Driving Growth, Emerging Tech Capabilities

For the second consecutive year, SOS International CEO Julian Setian has received a Wash100 Award for his leadership and vision to drive company growth and innovation for its technical capabilities in cloud, cybersecurity, data analytics and software development. Under his leadership, Setian has continued to drive company growth and expansion of its vital capabilities.