MacDonald, Detwiler Raises $84 Million in IPO

$84 million has been raised by MacDonald, Dettwiler & Associates Ltd. (MDA) in July, 2000 in its initial public offering of six million common shares. Four million of the shares were offered to the public, with the balance being sold as a secondary offering by certain shareholders. The net proceeds of the issue are intended to be used primarily to fund future developments and acquisitions. The underwriting syndicate was led by RBC Dominion Securities.

MDA was represented by Elizabeth Harrison, Q.C., Gil Malfair and Maria McKenzie of Farris, Vaughan, Wills & Murphy. Peter Stafford, Q.C., Lata Casciano, Felicity Schweitzer, Andrew Loh and Georald Ingborg of the Vancouver office of Fasken Martineau DuMoulin LLP represented the underwriters, RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., CIBC World Markets Inc. and Goepel McDermid Inc.