L3Harris To Sell Non-Core Assets To An Affiliate Of Kanders & Company, Inc. For $200M; Transaction Includes $175M In Cash At closing And A $25M Seller Note
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L3Harris Technologies, Inc. (LHX) has agreed to sell non-core assets to an affiliate of Kanders & Company, Inc. for $200 million. The deal includes $175 million in cash at closing and a $25 million seller note.
April 05, 2024 | 12:02 pm
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L3Harris Technologies, Inc. (LHX) is selling non-core assets for $200M to streamline operations and focus on core business.
The sale of non-core assets is generally viewed positively by the market as it indicates a company's focus on streamlining operations and concentrating on its core business areas. The substantial cash inflow from the sale could be used for debt reduction, reinvestment in core areas, or shareholder returns, all of which can positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90