L-1 agrees to Safran bid; will sell a unit to BAE

TEL AVIV (MarketWatch) — L-1 Identity Solutions Inc., the Stamford, Conn., provider of solutions to secure people’s identities and assets, definitively agreed to be acquired for $12 a share, or $1.09 billion, by Safran, the Paris firm with interests in aerospace, defense and security. Separately, L-1 agreed to sell its intelligence-services operations to BAE Systems PLC, the U.K. defense and …

Leave a comment