February 17, 2017 / 9:10 PM / 2 years ago

Canada's MacDonald Dettwiler to buy DigitalGlobe: Dow Jones

(Reuters) - Canadian satellite company MacDonald Dettwiler and Associates Ltd MDA.TO is in talks to buy U.S.-based DigitalGlobe Inc DGI.N for about $2 billion to $3 billion, Dow Jones reported, citing sources.

Financial conditions of the deal couldn’t be learned and it is also possible that talks might fall apart before a decision is reached, the Dow Jones report said.

Shares of satellite imagery provider DigitalGlobe were up 20 percent at a near three-year high of $35.90. The company has a market value of about $1.84 billion.

DigitalGlobe’s services are used by companies such Facebook Inc (FB.O), Uber Technologies Inc [UBER.UL] and U.S. defense contractor Harris Corp (HRS.N).

MacDonald Dettwiler’s shares were down 1.5 percent at C$72.31 on the Toronto Stock Exchange.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below