Harris and L3 Technologies, two American companies specializing in military communications and technology, announced their merger on Sunday, giving birth to a giant in the sector. The merger "of equals" will be achieved through a share swap, according to a joint communique. L3 shareholders will receive 1.30 Harris shares for each L3 share. When the merger has been finalized -- both companies' boards have approved it, but governmental approval is still required -- Harris shareholders will control a 54 percent share of the combined company, while ... More >>