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Satellite technology firm MacDonald Dettwiler to buy DigitalGlobe for C$3.1b

Published Sun, Feb 26, 2017 · 09:50 PM
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CANADIAN satellite technology firm MacDonald Dettwiler & Associates Ltd agreed to acquire DigitalGlobe Inc in a cash and stock deal worth C$3.1 billion (S$3.3 billion), doubling the company's size and giving itself new access to lucrative US government customers.

DigitalGlobe shareholders will receive US$17.50 in cash and 0.3132 MDA shares representing a premium of about 18 per cent of the company's closing share price on Feb 16, according to a statement on Friday. MDA will also assume about C$1.6 billion of Westminster, Colorado-based DigitalGlobe's debt. DigitalGlobe's share…

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