Home / M&A Activity / Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) will each hold a shareholder meeting on April 4 to decide on proposals needed to finalize the companies’ proposed merger through an all-stock transaction.

Shareholders of record as of Feb. 22 will vote at the companies’ respective meetings, Harris and L3 said Monday.

L3 will hold its shareholder meeting at Simpson Thacher & Bartlett LLP’s office in New York, while Harris will conduct its special meeting at its global innovation center in Melbourne, Fla.

Harris and L3 agreed to merge through an all-stock deal in October 2018 to form the country’s sixth largest defense technology firm with approximately 48K employees.

The companies expect the transaction to conclude in mid-calendar year 2019, subject to shareholder approvals, regulatory clearances and other customary closing conditions.

Check Also

Air Force Seeks Info on E-4B Airborne Ops Center Aircraft Replacement Program

The Air Force has issued a presolicitation notice to seek information on a new aircraft to replace its fleet of legacy E-4B National Airborne Operations Center planes. A notice posted Wednesday on beta SAM website says the proposed Survivable Airborne Operations Center Weapon System aircraft will be a key National Military Command System component in support of the president, defense secretary and the Joint Chiefs of Staff.

Navy Contingency Construction IDIQ Modification Increases Contract Value to $1.2B

The U.S. Navy has awarded four companies a $92M modification that increases the potential value of an indefinite-delivery/indefinite-quantity contract for global contingency construction services to $1.24B. AECOM's (NYSE: ACM) URS subsidiary, Jacobs Engineering Group's (NYSE: JEC) CH2M business, KBR (NYSE: KBR) and Environmental Chemical Corp. hold positions on the IDIQ.