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L-1 Identity (ID) Clears One More Hurdle in Safran Merger

February 3, 2011 5:10 PM EST
ID Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
L-1 Identity Solutions, Inc. (NYSE: ID) announced that its shareholders have voted in favor of the proposed merger transaction with Safran SA.

Completion of the merger remains subject to approval by the Committee on Foreign Investment in the United States (CFIUS), completion of the previously announced sale of the L-1 intelligence services businesses to BAE Systems Information Solutions Inc. (BAE Systems) and the satisfaction or waiver of other customary conditions.


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