Posted AT 1:27 AM EDT on 09/05/08
Ottawa reaffirms decision to block MDA deal
The federal government says it stands by its decision to block a foreign takeover of Canada's premier space technology firm.
Industry Minister Jim Prentice announced the decision early Friday, saying it followed an "extensive and rigorous review process."
Mr. Prentice said he is not satisfied that the deal "is likely to be of net benefit to Canada."
Ottawa first turned down the $1.
The full text of this article has 363 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +38.07 | 13,550.73 |
| DJIA | -87.53 | 11,544.85 |
| S&P 500 | -5.68 | 1,276.51 |
| Nasdaq | -12.23 | 2,313.65 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | TD Bank abandons U.S. brand battle 12:48 AM
|
| 2. | Kinross bids $1.2-billion for Aurelian 7:33 AM
|
| 3. | Potash profit more than triples 8:51 AM
|
| 4. | Ford posts $8.7-billion loss 8:38 AM
|
| 5. | EnCana earnings drop 16 per cent 7:42 AM
|
| 6. | Commodities losing altitude 7:28 AM
|
| 7. | Jobless claims swell in U.S. 9:16 AM
|
| 8. | Petro-Canada profit climbs 77 per cent 8:21 AM
|
| 9. | Maple Leaf losses deepen 9:05 AM
|
| 10. | Gold creeps higher on bargain hunting 8:31 AM
|
10The Law Page
- Lawyer finds gaping hole in securities law
- Plus: A fierce litigator who was a 'gentleman'
Video Pick
- Henry Paulson speaks
- The U.S. Treasury Secretary speaks on the U.S. housing crisis
Business incubator
- Remarkable? Prove it
- The Company: Remarkable Surfacing. The Problem: Breaking into a crowded marketplace. The Plan: Rebrand and reposition.
Magazine
- Who will benefit from drilling offshore Brazil?
- Just a handful of firms in line for potential bonanza
DEREK DeCLOETWhere have all the good buyers gone?
ROB CARRICKManulife shows Mawer the love with promotion of small firm
KONRAD YAKABUSKIGas police could use a refresher course on competition
TIM CESTNICKHolding companies can give rise to double tax problem
BARRIE McKENNA AND NORVAL SCOTTThe energy up there