Maxar finishes $729M sale of Canadian subsidiary
WESTMINSTER — Satellite maker Maxar Technologies Inc. (NYSE/TSX: MAXR) closed its spin-off of Canadian subsidiary MacDonald, Dettwiler and Associates to a group of private equity firms for $729 million.
The Westminster-based company said it would sell the Canadian assets primarily to Northern Private Capital Ltd. and its private equity partners in late December for CA$1 billion. The value of the deal at that time was US$765 million, but $36 million in final proceeds are expected to be lost due to various adjustments and shifts in currency value.
MDA was previously an independent company based in Vancouver…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
Related Posts
-
Airplane manufacturer Boeing will eliminate 63 jobs across Colorado operations in Arapahoe, Denver, El Paso…
-
Private equity investor Snow Peak Capital LLC recently acquired TurbineAero Inc., a Phoenix-based provider of…
-
Outside Interactive Inc. has purchased the MapMyFitness application platform from Under Armour Inc.
-
Voters in the southeastern Weld County town of Hudson were opposing Ballot Issue 2F, a…
