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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:35 EDTLLLL-3 Communications approves $1.5B repurchase program
L-3 Communications board of directors authorized a new share repurchase program allowing the company to repurchase up to an additional $1.5B of the company's common stock through June 30, 2015. This new share repurchase initiative is effective immediately and represents L-3's sixth repurchase program.
News For LLL From The Last 14 Days
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December 16, 2014
06:12 EDTLLLL-3 Communications to sell MSI business to Wärtsilä for EUR285M
L-3 Communications announced that it has entered into a definitive agreement with Wärtsilä to sell its Marine Systems International, or L-3 MSI, business. The transaction is anticipated to be completed in the Q2 of FY15, subject to customary closing conditions and regulatory approvals. The transaction, with a base purchase price of EUR285M, is subject to customary adjustments and an estimated reduction of EUR60 million for L-3 MSI employee pension-related liabilities to be assumed by Wärtsilä.

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