DOJ Eyes MacDonald Dettwiler's $875M Loral Unit Purchase

Law360, New York (September 13, 2012, 4:29 PM EDT) -- Information systems provider MacDonald Dettwiler & Associates Ltd. said Wednesday that it has received a second request for additional information from the U.S. Department of Justice concerning its proposed $875 million acquisition of rival Loral Space & Communications Inc.'s California-based commercial satellite business.

Space Systems/Loral Inc., the name of the Palo Alto, Calif.-based unit, also received a parallel second request, and said the DOJ is looking over the deal as part of the supervisory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

“Loral and MDA...
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