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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.

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

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