{"id":74077,"date":"2015-05-29T22:51:08","date_gmt":"2015-05-29T14:51:08","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/harris-corp-completes-exelis-acquisition-2\/"},"modified":"2015-05-29T22:51:08","modified_gmt":"2015-05-29T14:51:08","slug":"harris-corp-completes-exelis-acquisition-2","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/harris-corp-completes-exelis-acquisition-2\/","title":{"rendered":"Harris Corp Completes Exelis Acquisition"},"content":{"rendered":"<\/p>\n<p>[Via Satellite 05-29-2015] <b>Harris Corporation <\/b>finished its previously announced $4.75 billion acquisition of <b>Exelis<\/b>. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent.<\/p>\n<p>\u201cWith about $8 billion in combined pro forma revenue, the acquisition creates significantly greater scale,\u201d said William Brown, chairman, president and CEO of Harris.<\/p>\n<p>Harris maintains that the transaction is expected to be slightly accretive on a Generally Accepted Accounting Principles (GAAP) basis in the first full year, and a significant contributor thereafter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Via Satellite 05-29-2015] Harris Corporation finished its previously announced $4.75 billion acquisition of Exelis. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent. \u201cWith [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71186,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-74077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/74077"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=74077"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/74077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/71186"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=74077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=74077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=74077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}