Harris acquisition of Exelis
Harris bought Exelis for cash and stock, adding C4ISR, electronic warfare and space payload businesses.
- Company
- Exelis
- Type
- M&A
- Status
- Completed
- Date
- 29 May 2015
- Value
- US$4.75bn
- Value basis
- About US$4.75bn enterprise value; US$23.75 per Exelis share (US$16.625 cash plus 0.1025 Harris shares)
- Region
- US
- Segment
- Defence electronics
Parties
- Harris Corporation buyer
- Exelis shareholders seller
Key terms
- Consideration
- US$16.625 cash plus 0.1025 Harris shares per Exelis share
- Bridge financing
- US$3.4bn committed
- Announced
- 6 Feb 2015
Sources
- Exelis 8-K: Harris Corporation to acquire Exelis sec.gov · 6 Feb 2015
- Harris 8-K: Harris completes acquisition of Exelis sec.gov · 29 May 2015
Record DEF-INV-2015-0002. Investments are kept apart from the financings register and never counted in debt totals.
