A PYMNTS Company

US: Harris expects easy antitrust approval for Exelis deal

By  |  May 5, 2015

Harris Corp. might have to hand over some intellectual property before the Department of Justice signs off on its Exelis Inc. acquisition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Justice made the request for more information from Harris as part of its deliberations on granting antitrust clearance for the Exelis buy, expected to close in June.

    “It specifically relates to IP and ownership rights for IP. It does not and we don’t believe it will require any divestiture of businesses or assets,” said Harris CEO William Brown.

    Harris said Tuesday it expected to win antitrust approval for its planned acquisition of Exelis Inc. without having to make any asset disposals, and said the $4.6 billion deal is still slated to close in June.

     

    Full content: The Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.