The Firm is representing L3 Technologies, Inc. (NYSE: LLL) in connection with its announced business combination with Harris Corporation (NYSE: HRS). Under the terms of the merger agreement, the companies will be combined in an all-stock merger of equals transaction, in which L3 shareholders will receive a fixed exchange ratio of 1.3 shares of Harris common stock for each share of L3 common stock. The transaction is subject to shareholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions, and is expected to close in mid-calendar year 2019.
L3 Technologies is an agile innovator and leading provider of global ISR, communications and electronic systems for military, homeland security and commercial aviation customers. L3 Technologies develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. Harris Corporation is a leading technology innovator, solving customers’ toughest mission-critical challenges by providing solutions that connect, inform and protect.
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