secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001104659-22-128031
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris to acquire Aerojet Rocketdyne for $58/share all-cash, valued at $4.7B
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- $58.00 per share in cash, total enterprise value of ~$4.7B including net debt.
- Aerojet Rocketdyne generates ~$2.3B annual revenue; deal expected to close in 2023.
- Transaction funded with existing cash and new debt; not conditioned on L3Harris financing.
- Termination fees: $95.6M from Aerojet if board changes recommendation; $406.3M from L3Harris if HSR clearance fails.
- Aerojet Rocketdyne's CEO says joining L3Harris is 'natural next phase' for the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000110465922128031/0001104659-22-128031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000110465922128031/tm2232961d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-128031

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