Summary
This 8-K filing from Harris Corporation (now L3Harris Technologies, Inc.) provides an update on the ongoing merger process with Exelis Inc. The primary focus of this report is the status of regulatory approvals under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. Harris Corporation initially filed the required notification forms on February 24, 2015, but subsequently withdrew and re-filed them on March 20 and March 24, 2015, respectively. This re-filing restarts the HSR waiting period, which is now scheduled to expire on April 23, 2015. Despite this procedural step, Harris Corporation maintains its expectation for the merger to close in June 2015, contingent upon satisfying all customary closing conditions. The filing also includes a cautionary statement regarding forward-looking statements, highlighting potential risks and uncertainties that could impact the transaction's completion, such as regulatory approvals, shareholder consent, financing, and other general closing conditions. Investors are urged to review all related filings for comprehensive information.
Key Highlights
- 1Harris Corporation re-filed HSR Act notification for Exelis merger, resetting the waiting period to April 23, 2015.
- 2The company reiterates its expectation for the merger closing to occur in June 2015, subject to standard conditions.
- 3The re-filing is a procedural step that does not alter the expected timeline at this point.
- 4The filing emphasizes that the transaction remains subject to regulatory approvals and other customary closing conditions.
- 5Forward-looking statements are accompanied by cautionary language detailing potential risks and uncertainties.
- 6Investors are directed to review the SEC filings, including the preliminary S-4 registration statement and related proxy materials, for detailed information on the transaction.