L-3 (LLL) to Acquire Implant Sciences' (IMSC) ETD Assets in $117.5M+ Deal
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L-3 Agrees to Acquire Implant Sciences Explosives Trace Detection Assets
October 10, 2016 8:20 AM EDTWILMINGTON, Mass., Oct. 10, 2016 /PRNewswire/ -- Implant Sciences (IMSC) announced today that it has entered into an asset purchase agreement to sell the explosives trace detection (ETD) assets to L-3 Communications (NYSE: LLL) for $117.5 million in cash, plus the assumption of specified liabilities. Following the proposed acquisition, the assets will be integrated into L-3's Security & Detection Systems division within its Electronic Systems segment.
Pursuant to the terms of the agreement, L-3 will acquire the worldwide rights to the QS-B220 desktop and the QS-H150 handheld ETD systems as well as all... More
