Harris Buys Exelis for $4.75 Billion – Satellite Today
Photo: Exelis [Via Satellite 02-06-2015] Harris is purchasing Exelis for $4.75 billion in an acquisition expected to close by June 2015. Both boards of directors unanimously approved the acquisition, and Harris has secured $3.4 billion from Morgan Stanley Senior Funding for fully committed bridge financing. The company anticipates permanent financing in the form of term…