Summary
This L3Harris Technologies 8-K filing from May 30, 2019, primarily serves to provide pro forma financial information related to the anticipated merger of Harris Corporation and L3 Technologies, Inc. This "merger of equals" was structured as an all-stock transaction. The filing includes unaudited pro forma condensed combined financial statements, offering a look at the potential financial standing and performance of the combined entity as if the merger had already occurred on specific dates and periods. These statements cover a pro forma condensed combined balance sheet as of March 29, 2019, and pro forma condensed combined statements of income for the three quarters ended March 29, 2019, and the fiscal year ended June 29, 2018. Investors should note that this pro forma data is illustrative and not indicative of actual future results.
Key Highlights
- 1Filing provides pro forma financial information for the impending merger between Harris Corporation and L3 Technologies.
- 2The transaction is described as an all-stock merger of equals.
- 3Included are unaudited pro forma condensed combined balance sheet as of March 29, 2019.
- 4Unaudited pro forma condensed combined statements of income for the three quarters ended March 29, 2019, are presented.
- 5Pro forma statement of income for the fiscal year ended June 29, 2018, is also included.
- 6The provided financial data is for informational purposes and is not a guarantee of future performance.
- 7The merger agreement was initially dated October 12, 2018.