MDA gets anti-trust approval for Loral bid

Canada’s MacDonald, Dettwiler and Associates (MDA) and Space Systems Loral (SS/L) have received anti-trust approval to proceed with the take-over of SS/Loral by MDA.

The Department of Justice decision helped Loral’s share price rise 2.58 per cent in after-hours trading on Friday  evening to $75.15.

The $875 million  take-over by MDA of SS/L was announced in June.

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