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LLL - Shareholders Approve The Merger Of Harris And L3
JX Luxventure Limited
Harris and L3 Merging Together
Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) will merge to form L3 Harris Technologies, Inc. The shareholders of both companies have approved the merger which is expected to be completed by the middle of 2019, subject to regulatory approvals. L3 shareholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock. Harris shareholders will own approximately 54% and L3 shareholders will own approximately 46% of the merged company.