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Canada Rebuffs ATK’s Attempt To Acquire MDA’s Space Business

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By Calvin Biesecker Alliant Techsystems' [ATK] plans to bolster its capabilities and offerings for the space market took a hit this week when Canada rejected the company's pending $1.3 billion acquisition of the space and related information systems business of the Canadian firm MacDonald Dettwiler and Associates (MDA). In a brief letter to ATK dated April 8, Jim Prentice, Canada's Minister of Industry, said that "I am not satisfied that your investment is likely to be of net benefit to…

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