• The company reached an agreement to acquire approximately 70% of CLS for roughly €567 million (C$920 million) in cash.
  • To fund the transaction, MDA launched an increased bought deal offering of 23 million common shares priced at US$35.60 per share, raising approximately US$819 million.
  • The share price decline reflects investor concerns regarding the resulting equity dilution and the execution risks associated with the large-scale acquisition.