MDA files Business Acquisition Report
RICHMOND, BC, Jan. 14, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a provider of essential information solutions, announced that it has filed its Business Acquisition Report ("BAR") with respect to the acquisition of Space Systems/Loral ("SSL"). The transaction closed on November 2, 2012.
The BAR includes unaudited pro forma consolidated statements of earnings for the year ended December 31, 2011 and nine month period ended September 30, 2012 and an unaudited pro forma consolidated balance sheet as at September 30, 2012. The BAR also includes the unaudited consolidated financial statements of SSL as at September 30, 2012 and for the nine month periods ended September 30, 2012 and 2011, the audited consolidated financial statements of SSL as at and for the year ended December 31, 2011, and the unaudited consolidated financial statements of SSL as at December 31, 2010 and for the year ended December 31, 2010, prepared in accordance with U.S. GAAP.
The complete report has been filed under MDA's SEDAR profile at www.sedar.com
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 5,000 employees operating from 18 offices located in the United States, Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
Readers of this news release are advised that the above referenced business acquisition report contains "forward-looking statements", within the definition contained in the applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of MacDonald, Dettwiler and Associates Ltd. and its subsidiaries (collectively "MDA" or the "Company"). Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; changes in government priorities, funding levels, contracts and regulations; changes in economic and political conditions; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of MDA's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of MDA's factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; litigation, as well as those factors discussed in the section entitled "Risk Factors" in the Company's most recent Annual Information Form and the section entitled "Forward-Looking Statements" in the Company's most recent Management's Discussion and Analysis, both as available online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.