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Federal government confirms decision to reject

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Federal government confirms decision to reject foreign takeover of Radarsat


Business | 206475 hits | May 09 12:17 am | Posted by: Hyack
4 Comment

TORONTO - The federal government has confirmed its decision to block a controversial foreign takeover of part of Canada's premier space technology firm, saying the proposed deal would not benefit the country.

Comments

  1. by avatar QBC
    Thu May 08, 2008 8:03 pm
    Hmmm....Good on the government for this one

  2. by avatar Zipperfish  Gold Member
    Fri May 09, 2008 4:06 pm
    I know a lot of fokls that work there, and they'll be happy. They weren't looking forward to designing land mines.

  3. by ryan29
    Sat May 10, 2008 1:26 am
    yeah a good decision there wasn't really any need to have it sold to the states or that company .its fine where it is and under canadian ownership .

  4. by avatar travior
    Sat May 10, 2008 1:51 am
    Probably a good thing it was blocked. Anything owned in the states will be moved to China within a few years anyway! Too bad the US gov't isn't as proactive in foreign takeover bids, maybe we could still find something marked Made in USA on it.

  5. by avatar Loader
    Sat May 10, 2008 2:46 am
    Good move, glad to see Canadian taxpayer funded technology will remain under Canadian control.



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Who voted on this?

  • DrCaleb Fri May 09, 2008 7:32 am
  • WDHIII Fri May 09, 2008 7:43 am
  • kitty Sat May 10, 2008 5:19 am
  • allan_17 Sat May 10, 2008 9:03 am
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