Military-Communications Firms Harris, L3 Near Deal to Combine


Harris Corp. and L3 Technologies Inc. are nearing an agreement to merge, a deal that would unite two big providers of defense communications and electronics with a combined market value of about $33.5 billion.

The companies were in advanced discussions as of Friday to combine in a stock deal they were aiming to ink as soon as this weekend, according to people familiar with the matter. Exact terms being discussed couldn’t be learned but the companies were expected to market the transaction as a merger of equals.

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