MacDonald Dettwiler C$4.7 billion acquisition of DigitalGlobe

Overview:

• Canadian satellite technology company MacDonald Dettwiler has acquired US-based space imagery group DigitalGlobe in a C$4.7 billion deal.
• C$1.6 billion of the price consists of DigitalGlobe's debt.
• Macdonald Dettwiler will be listed on both the TSX and NYSE.
• Bank of America, Royal Bank of Canada and Bank of Montreal acted as financial advisers for MacDonald Dettwiler.
• PJT Partners and Barclays were financial advisers for DigitalGlobe.
• The deal is expected to close in the second half of 2017.

Kurt Stumpo - Journalist