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Business/Financial

Canada Says No To ATK’s Purchase of MDA

DDN

Monday, May 12th, 2008

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By Calvin Biesecker The Canadian government on Friday rejected Alliant Techsystems' [ATK] proposed acquisition of MacDonald, Dettwiler and Associates' (MDA) space business saying the deal demonstrated no net benefit to Canada. "I have confirmed my initial decision that I am not satisfied that ATK's proposed acquisition of the Information Systems Business of MDA would likely be of net benefit to Canada," Jim Prentice, Canada's Minister of Industry, said in a statement. "Foreign investment plays an important role in the Canadian…

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