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  • Thursday, April 18, 2024

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.

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