Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

L-3 Takeover Brings 21% More Than Valuation Through Asset Sales: Real M&A

Bloomberg News  June 29, 2011

L-3 Communications Holdings Inc. (LLL), whose biggest investor is pushing for the defense company to dispose of underperforming assets, may extract as much as $2.2 billion more for shareholders in a takeover than a breakup.

L-3’s equity may garner a price tag of $12.9 billion in an acquisition, based on the median 8.7 times earnings before interest, taxes, depreciation and amortization offered for military electronics company deals in the past 10 years, according to data compiled by Bloomberg. Selling the New York-based company’s four units separately may generate $10.7 billion, estimates from Lazard Capital Markets LLC show.

Please read the entire report here

June 30, 2011 - Posted by | Civilian Contractors, Government Contractor, L-3 | , , , ,

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