Merger Review: Canada — Transaction Blocked Under The Investment Canada Act

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Blake, Cassels & Graydon LLP

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The Canadian Minister of Industry, The Honourable Jim Prentice, confirmed yesterday his decision to block the proposed sale of Macdonald, Dettwiler and Associates Ltd. to Alliant Techsystems Inc.
Canada Antitrust/Competition Law

Copyright 2008, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Competition Law, May 2008

The Canadian Minister of Industry, The Honourable Jim Prentice, confirmed yesterday his decision to block the proposed sale of Macdonald, Dettwiler and Associates Ltd. to Alliant Techsystems Inc.

As we reported in our April 11th bulletin, entitled Investment Canada Giving Greater Scrutiny to Foreign Investments?, the Minister is not satisfied that Alliant Techsystems' application to acquire control of the Information Systems and Geospatial Businesses of MacDonald, Dettwiler and Associates Ltd. is likely to be of net benefit to Canada, this being the statutory standard for approval under the Investment Canada Act.

The Investment Canada Act applies to every acquisition of control of, and establishment of a new, Canadian business by a non-Canadian.

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