Who bought ITT Exelis?
Who bought ITT Exelis?
Harris Corp.
WASHINGTON — Exelis has agreed to be acquired by Harris Corp. in a merger valued at $4.75 billion, a deal that would combine two mid-tier defense firms. The boards of the two companies approved the deal, expected to close in June, according to a news release Friday morning.
Who owns ITT?
During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries….ITT Inc.
| Formerly | ITT Corporation |
|---|---|
| Area served | Worldwide |
| Key people | Luca Savi (CEO and President) |
What industry is Exelis?
Exelis Inc. is a diversified, global aerospace, defense and information solutions company.
When did L3 Harris merger?
June 29, 2019
L3Harris Technologies (NYSE:LHX) today announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies on June 29, 2019.
What kind of company is Exelis Inc.?
Exelis Inc., a global aerospace, defense, information and services company headquartered in Tysons Corner, Virginia. Xylem Inc., a water technology firm. ITT Corporation, a manufacturing firm. From the spin off to Nov. 1, 2013, Exelis was known as ITT Exelis to help ease the transition of the company’s brand.
Who are the shareholders of ITT Exelis and xylem?
In connection with this distribution, each ITT shareholder will receive one common share of ITT Exelis and one common share of Xylem for each share of common stock of ITT held at the close of business on the record date. Upon such distribution, ITT shareholders will own 100% of the common shares of ITT Exelis and Xylem.
Who is the Chief Executive Officer of ITT?
Steve Loranger, chairman, president and chief executive officer of ITT said, “By operating as three independent companies, we believe the new ITT, Xylem and ITT Exelis will each be able to leverage our shared history of innovation while being better positioned to capitalize on new opportunities in their respective markets.
When does ITT Exelis dividend go into effect?
Each ITT shareholder of record as of the close of business on October 17, 2011, the record date for the distribution, will receive on the distribution date one share of ITT Exelis common stock and one share of Xylem common stock for each share of ITT common stock held as of the record date.