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Harris Acquisition of CapRock a Done Deal

Harris (NYSE:HRS) has finalized its planned acquisition of CapRock Communications.

According to Harris, “privately held CapRock was purchased for $525 million in cash, subject to post-closing adjustments. Private equity firm ABRY Partners was the majority owner of CapRock.  The firm’s CEO Peter Shaper will serve as president of the business, which will operate as a wholly owned subsidiary of Harris Corporation.”

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