February 24, 2017 / 11:16 AM / 7 months ago

MacDonald Dettwiler to buy DigitalGlobe for about C$3.1 bln

Feb 24 (Reuters) - MacDonald Dettwiler and Associates Ltd said on Friday it had agreed to buy U.S.-based satellite imagery provider DigitalGlobe Inc for an equity value of about C$3.1 billion ($2.4 billion).

Under the deal, MacDonald Dettwiler and Associates will offer $17.50 in cash and 0.3132 of its shares for each DigitalGlobe share held.

The deal includes assumption of DigitalGlobe’s C$1.60 billion net debt. (Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)

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