Posted: Thursday, July 27, 2017
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced its shareholders have voted to approve the issuance of MDA Common Shares in connection with the Company’s pending acquisition of DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), with the voting results from its annual and special meeting held on July 27, 2017 in Vancouver, British Columbia. DigitalGlobe also announced today its shareowners voted to approve the acquisition at a special meeting of DigitalGlobe shareowners.
“We are pleased our shareholders support the strategic addition of DigitalGlobe to our portfolio for the future of our combined space systems, imaging and analytics company,” said Howard L. Lance, president and chief executive officer of MDA. “As previously announced, the transaction is expected to close in or shortly after the third quarter of 2017, subject to approval from the Committee on Foreign Investment in the United States (“CFIUS”) and other customary approvals.”
A total of 30,243,847 Common Shares representing approximately 83% of the Company’s issued and outstanding Common Shares were voted in connection with the meeting. Shareholders voted in favor of all items of business put forth at the meeting, including:
The election of all director nominees as follows:
Full voting results on all matters voted on at the meeting will be filed under MDA’s profile at www.sedar.com.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 15 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
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