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L-1, Safran Refile Merger Plans With CFIUS

DDN

Friday, May 6th, 2011

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Once again, L-1 Identity Solutions [ID] and France's Safran Group have voluntarily withdrawn the notification of their planned merger with the Committee on Foreign Investment in the United States (CFIUS) to allow the to companies more times to negotiate the transaction, which had been expected to close during the first quarter of 2011. The companies have refiled the notification with CFIUS, beginning a new 30-day review period, and L-1 said it expects the acquisition to close within 30 days. In…

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