Safran Enters Into a Definitive Agreement With L-1 Identity Solutions for the Purchase of L-1 Biometrics and ID Management Solutions Businesses (Yahoo Finance)
The transaction is subject to L-1' shareholder and regulatory approvals, including review by the U.S. Antitrust Authorities, the Committee on Foreign Investment in the United States (CFIUS), as well as the satisfaction of other customary closing conditions.
And from the AP: (via MSNBC)
Paris-based Safran says the combination of L-1's biometric and enterprise access businesses with its existing U.S. security business, Morpho, will have joint sales of about euro1.4 billion ($1.8 billion), with U.S. sales accounting for almost half of that.
UPDATE:
Safran, BAE to split security firm L-1 (Reuters)
Safran (Morpho) will take the biometrics business and Britain-based BAE will purchase L-1's consulting business.
