L3 Technologies and Harris Corporation have announced that they have received the necessary regulatory approvals for their all-stock merger and have set 29th June 2019 as the closing date.
Upon closing, Harris will be renamed L3Harris Technologies and shares of L3Harris common stock will trade on the NYSE under the ticker symbol “LHX”.
“Today’s announcement positions us to close the merger and establish L3Harris as an agile aerospace and defense technology innovator that delivers value for all of our stakeholders,” said Christopher E. Kubasik, Chairman, CEO, and President of L3.
“Receiving these approvals marks the successful completion of a thorough regulatory review process – clearing the way for one of the largest mergers in defense industry history,” said William M. Brown, Chairman, CEO, and President of Harris.
The regulatory process requires the divestiture of Harris’ Night Vision business, which is expected to be completed following the merger.
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