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

DDN

Friday, April 18th, 2008

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Alliant Techsystems' [ATK] plans to bolster its capabilities and offerings for the space market took a hit recently 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 Canada." Prentice said the…

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