MDA deal to acquire DigitalGlobe advances

Canadian communications and information company MacDonald, Dettwiler and Associates -- or MDA -- and planned acquisition DigitalGlobe said today the Committee on Foreign Investment in the United States has completed its review of the deal.

"There are no unresolved national security issues with respect to the transaction," the companies said they have been told by CFIUS.

The acquisition is now expected to close late next week, the companies said.

MDA announced in February it would acquire Earth imagery company DigitalGlobe in a $3.6 billion deal. The transaction valued the Westminster, CO-based DigitalGlobe at $2.4 billion and included assumption of DigitalGlobe's $1.2 billion in debt.

The acquisition would create a company with about 4,600 employees in the United States and more than 1,800 in Canada.

In July, the companies said they had refiled their joint notice to CFIUS to allow the committee "additional time to complete its consideration of the proposed merger."