Summary
This Form 8-K filing from Harris Corporation on April 16, 2009, announces a significant strategic move: the signing of a definitive agreement to acquire the Tyco Electronics Wireless Systems business, previously known as M/A-COM. This acquisition is poised to expand Harris Corporation's presence and capabilities within the wireless sector. While the filing itself is brief and primarily serves to disclose the press release, the underlying transaction represents a material development for the company. Investors should note that this acquisition, if successfully completed, is expected to enhance Harris Corporation's product portfolio and market position in the dynamic wireless communications industry. Further details regarding the financial terms and strategic rationale are likely contained within the accompanying press release (Exhibit 99.1), which is furnished but not filed.
Key Highlights
- 1Harris Corporation entered into a definitive agreement to acquire the Tyco Electronics Wireless Systems business (formerly M/A-COM).
- 2The acquisition is expected to bolster Harris Corporation's presence in the wireless sector.
- 3This filing is primarily for Regulation FD disclosure purposes, referencing an accompanying press release.
- 4The press release announcing the acquisition is furnished as Exhibit 99.1.
- 5The transaction signifies a strategic expansion for Harris Corporation in its target markets.
- 6The filing date is April 16, 2009, with the event date also noted as April 15, 2009.