Skip navigation

 Login or Register | Member Centre

Posted AT 12:46 PM EDT on 09/05/08

Prentice defends decision to kill takeover

KEVIN CARMICHAEL

Globe and Mail Update

OTTAWA — Industry Minister Jim Prentice says he stopped the sale of the maker of the Canadarm to an American buyer because the U.S. government would have gained control of a satellite perched over the Canadian Arctic. Mr. Prentice, the first Industry Minister to block a foreign takeover since Canada's current investment rules were rewritten in 1985, stressed at a news conference at the Canadian Space Agency in Longueil, Que.

The full text of this article has 374 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.

Single Article: $4.95

4-pack: $17.95

MOST POPULAR 

Business incubator 

varadi
Turning an idea into a best seller
Spinmaster's toy guru Ben Varadi

The Law Page 

The Law page
Lawyer finds gaping hole in securities law
Plus: A fierce litigator who was a 'gentleman'

Video Pick 

U.S. Treasury Secretary Henry Paulson
Henry Paulson speaks Popup
The U.S. Treasury Secretary speaks on the U.S. housing crisis

Magazine 

GI Magazine
Who will benefit from drilling offshore Brazil?
Just a handful of firms in line for potential bonanza

Insights 

Back to top