L-1 Identity Agrees For Paris-based Safran’s $1.6 Bln Offer – Update

Personal identity protection solutions provider L-1 Identity Solutions Inc. announced Monday an agreement, whereby it has agreed to be acquired by Paris-based aerospace, defense and security firm Safran SA for $12 per share in cash. The deal values L-1 Identity at about $1.6 billion, including its outstanding debt, and will follow the sale of its intelligence services business unit to British …

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