L3harris Technologies Inc logo

LHX - L3harris Technologies Inc News Story

$208.12 0.6  0.3%

Last Trade - 09/04/21

Sector
Industrials
Size
Large Cap
Market Cap £31.61bn
Enterprise Value £35.82bn
Revenue £13.27bn
Position in Universe 289th / 6827

BRIEF-CAE To Acquire L3harris Technologies' Military Training Business For Us$1.05 Bln

Mon 1st March, 2021 11:07am
March 1 (Reuters) - CAE Inc  CAE.TO :
    * CAE TO ACQUIRE L3HARRIS TECHNOLOGIES' MILITARY TRAINING
BUSINESS
FOR US$1.05 BILLION
    * CAE INC - LOW-TEENS PERCENTAGE EPS ACCRETION EXPECTED
WITHIN
FIRST FULL YEAR POST CLOSING, INCLUDING EXPECTED COST SYNERGIES
    * CAE INC - DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO
DEFENCE &
SECURITY OPERATING PROFIT AND EBITD MARGINS ON OPERATIONAL
EFFICIENCIES
    * CAE INC - ACQUISITION, OTHER RELATED DEAL COSTS TO BE
FUNDED
THROUGH ISSUANCE OF C$700 MILLION OF SUBSCRIPTION RECEIPTS TO
TWO INSTITUTIONAL INVESTORS
    * CAE INC - PRIVATE PLACEMENTS SUPPORTED BY A C$475 MILLION
INVESTMENT BY CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC, A C$225
MILLION INVESTMENT BY GIC PRIVATE LTD

Source text for Eikon:  ID:nCNWgY4Ta 
Further company coverage:  CAE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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