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L-3 May Sell Some Assets, But Won't Seek Breakup -Reuters

DOW JONES NEWSWIRES Defense contractor L-3 Communications Holdings Inc. (LLL) will likely divest some cheaper assets in services but has no plans for a breakup or broad portfolio overhaul, Reuters reported Wednesday, citing people familiar with the situation. New York-based L-3, which is being pushed by activist shareholder Relational Investors LLC to break itself up, is considering spinning off or selling a part of its government-services division that it views as nonstrategic, the sources said. Those assets could together attract a sale price of about $1 billion -- about a quarter of the division's $4 billion sales in 2010, the people said. Relational, whose 6% stake makes it the biggest single shareholder in L-3, wants the company to sell or spin off its government services as well as aircraft modernization and maintenance operations, Reuters cited a person close to the investor as saying previously. Representatives for L-3 declined to comment to Reuters. Relational wasn't immediately available to comment. Full story at -Dow Jones Newswires; 212-416-2900

Stock News for L3 Comm (LLL)
11/04/201514:25:11L-3 Communications Boasts of a Profit, but Posts a Massive Loss
11/03/201516:08:25Statement of Changes in Beneficial Ownership (4)
11/03/201516:07:58Statement of Changes in Beneficial Ownership (4)
11/03/201516:07:05Statement of Changes in Beneficial Ownership (4)
11/02/201517:22:50Quarterly Report (10-q)
11/02/201516:09:08Statement of Changes in Beneficial Ownership (4)
11/02/201516:06:57Initial Statement of Beneficial Ownership (3)
11/02/201510:02:00L-3 to Present at the Goldman Sachs Industrials Conference 2015
10/30/201517:17:31Current Report Filing (8-k)
10/29/201507:31:58Current Report Filing (8-k)
10/29/201506:55:00L-3 Announces Third Quarter 2015 Results
10/28/201509:00:00L-3 Names Christopher E. Kubasik President and Chief Operating...
10/22/201512:38:00L-3 to Broadcast Third Quarter Conference Call Over the Internet
10/20/201509:00:00L-3 Declares Quarterly Dividend
10/13/201516:21:00L-3 Acquires ForceX, Inc.
10/08/201509:00:00L-3 Awarded Contract to Missionize C-130J Aircraft for U.S. Coast...
10/06/201509:00:00L-3 Link Receives Award to Compete on Future Task Orders Under...
09/28/201521:00:00L-3 Communications to Pay $4.6 Million to Resolve Whistleblower...
09/17/201509:15:00L-3 Receives Contract for Apache MUMT-X Upgrade Program
09/16/201516:09:30Statement of Changes in Beneficial Ownership (4)

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