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L-1 Close To Hiring Advisory Firm To Help It Explore Strategic Alternatives

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Burdened by debt and unhappy with how the investment community is valuing the company, L-1 Identity Solutions [ID] is expects to hire a financial advisor or advisors this month to help it explore its strategic alternatives, the company says. Robert LaPenta, chairman, president and CEO of L-1, already said earlier this year that the company would begin looking at its strategic alternatives, reminding investors that one of the company's goals is to provide value to its shareholders and that 2010…

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