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Business/Financial

MDA To Acquire Space Systems/Loral, Become Major Communications Player

By Cal Biesecker

Friday, June 29th, 2012

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Canada’s MacDonald, Dettwiler and Associates Ltd. [MDA],this week said it signed an agreement to acquire 100 percent of Space Systems/Loral Inc. (SS/L) for $875 million in a transaction that is immediately accretive. The acquisition transforms MDA into a major player in commercial communications and provides the company with critical mass in the U.S. market. SS/L, headquartered in Palo Alto, Calif., is the global market leading provider of commercial communications satellites, serving a global customer base "This is a game changing…

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