UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTSForma Condensed Combined Financial Statements • May 30th, 2019 • Harris Corp /De/ • Search, detection, navagation, guidance, aeronautical sys
On October 12, 2018, Harris Corporation (“Harris”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), with L3 Technologies, Inc., a Delaware corporation (“L3”), and Leopard Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Harris (“Merger Sub”), pursuant to which Harris and L3 have agreed to combine in an all-stock merger of equals. Under the terms and subject to the conditions set forth in the Merger Agreement, L3 stockholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock. Upon closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into L3 (referred to as the “merger”), with L3 being the surviving corporation and becoming a wholly-owned subsidiary of Harris, which will be re-named “L3Harris Technologies, Inc.” (“L3Harris”) and will be owned on a fully diluted basis approximately 54 percent by Harris stockholders and 46 percent by L3 stockhold
