A secondary offering of common shares of MacDonald, Dettwiler and Associates Ltd. ("MDA") by MDA Holdings Corporation, a wholly owned subsidiary of Orbital Sciences Corporation, closed on July 17, 2001. MDA Holdings had previously granted an exclusive option to CAI Capital Partners and Company II, L.P., CAI Partners and Company II, L.P., and CAI Capital Partners and Company II-C, L.P. (the "CAI Entities") and 597858 B.C. Ltd., other principal shareholders of MDA, to acquire its shares of MDA Holdings. Pursuant to the option, the principal shareholders requested that MDA Holdings sell 1,650,000 common shares of MDA pursuant to a public offering. The offering, by way of a short form prospectus, was for $34,650,000.
Scotia Capital Inc. led the underwriting syndicate consisting of RBC Dominion Securities Inc., Merrill Lynch Canada Inc., Dundee Securities Corporation and Raymond James Ltd.
The Underwriters were represented by Peter Stafford, Lata Casciano and Melody Schalm of the Vancouver office of Fasken Martineau.