Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, wishes to clarify a Bloomberg report issued today. The Company has nothing to disclose at this time. As part of its normal practice, MDA continually evaluates strategic alternatives relating to its various businesses to increase shareholder value. Such alternatives may include various merger and acquisition transactions that are considered to be in the best interests of the Company. The Company is not evaluating a sale of its Systems division or any portion thereof.
Any announcements regarding strategic alternatives are disclosed in accordance with all applicable legal and regulatory requirements.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
This press release may contain forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. (“MDA”), with respect to future events, financial performance, strategy, plans or intentions. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", or "believe" or the negatives of such terms or variations of them or similar terminology. Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions made in light of its experience and its perception of historical trends. MDA’s actual results may differ materially from a conclusion, forecast or projection expressed in or implied by such statements should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect. The risks that could cause actual results to differ from current expectations include, but are not limited to, inherent risks in the Information Products market and in the Information Systems market, including general economic, regulations and competitor changes; changes in government priorities, funding levels, contracts and regulations; susceptibility of customers in property transaction-related industries; failure of third parties and subcontractors for long-term construction contracts on which the Company is the prime contractor; failure to recruit required management and employees; and other factors described in MDA's most recent annual Management's Discussion and Analysis, Annual Information Form and other documents on file with the Canadian securities regulatory authorities, available on SEDAR (www.sedar.com). The forward-looking statements and information that may be contained in this press release represent MDA’s views only as of today’s date. MDA disclaims any intention or obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation. You should not place undue reliance on forward-looking statements.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.