L-3 Communications Agrees to Merger With Titan Corp.
SAN DIEGO
Titan Corp. and L-3 Communications have agreed to a $2.65
billion merger in which L-3 will acquire all of Titan,
provider of information and communications systems for
government agencies that specialize in national security.
The transaction has been approved by the board of directors
of each company and will now be subject to approval by
Titan shareholders.
Titan recently entered into memoranda of understanding to settle securities law class actions and derivative suits pending in Federal and State courts in California and Delaware.
L-3 Communications specializes in access control systems and the merger will likely expand its horizons in the IT arena.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
