L3Harries rises after co reaches deal with shareholder, forms committee to review business
11/12/2023 15:27
** Shares of defense firm L3Harris Technologies LHX.N rise
2.5% to $200.80
** LHX names two directors to its board and appoints ad-hoc
committee for business review
** Committee will undertake a review of co's operations,
costs and opportunities
** Review to be completed in 2024
** LHX to work with major shareholder D. E. Shaw to appoint
an additional board member
** Co will be hosting its Investor Day on Dec. 12
** Stock is down 3.6% YTD
(Reporting by Pranav Kashayap in Bengaluru)