SAN FRANCISCO and WESTMINSTER, Colo. (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA) and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI) today provided several updates related to the status of the pending acquisition of DigitalGlobe by a wholly owned subsidiary of MDA.
MDA and DigitalGlobe have withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to provide additional time for CFIUS to complete its consideration of the proposed merger. Upon acceptance of the re-filing, CFIUS will initiate a new 30-day review period.
Additional information about the CFIUS review process can be found in the amended registration statement on Form F-4 filed by MDA with the U.S. Securities and Exchange Commission (“SEC”) on June 2, 2017, which contains a proxy statement of DigitalGlobe and a prospectus of MDA, and MDA’s management information circular dated June 21, 2017, which is available on MDA’s SEDAR profile. MDA and DigitalGlobe believe that CFIUS will conclude its consideration of the transaction with no unresolved issues of national security.
MDA and DigitalGlobe are working diligently to satisfy all of the remaining closing conditions under the merger agreement. Meetings of shareholders to approve the transaction are scheduled ...