15:45:36 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



MDA Ltd
Symbol MDA
Shares Issued 119,594,302
Close 2024-03-06 C$ 14.96
Market Cap C$ 1,789,130,758
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Globe says Poirier sings Calian's praises for MDA deal

2024-03-07 08:02 ET - In the News

See In the News (C-CGY) Calian Group Ltd

The Globe and Mail reports in its Thursday, March 7, edition that Desjardins Securities analyst Benoit Poirier is "pleased" by Calian Group's deal for assets associated with MDA's nuclear services, calling it "another accretive acquisition in an attractive market that is benefitting from secular growth trends." The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier says the deal, announced Tuesday after the bell, clearly strengthens Calian's nuclear capability and thinks an "attractive" multiple was paid. Mr. Poirier has reaffirmed his "buy" recommendation for Calian. He gave his share target a $1 boost to $87. Analysts on average target Calian shares at $78.13. Mr. Poirier says in a note: "MDA has expertise in refurbishments and operational support, which is complementary to Calian's consulting expertise. MDA's assets come with a specialized team of engineers providing system engineering and operations support for nuclear outage tooling and refurbishment projects (Calian has locked in MDA's key employees). MDA's nuclear team will be integrated into Calian's existing nuclear business within the AT [advanced technologies] segment. The acquisition will close immediately."

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