Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

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.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles