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L-1 Identity Solutions Completes the Sale of Intelligence Services Businesses to BAE Systems, Inc.

February 15, 2011 by
Filed under: Syndicated Industry News 

STAMFORD, Conn.–(BUSINESS WIRE)–L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity solutions and services, today announced the completion of the sale of the L-1 intelligence services businesses (SpecTal, LLC, Advanced Concepts, Inc. and McClendon, LLC) to BAE Systems, Inc. As previously announced, the purchase price includes $295.8 million in cash and approximately $7.2 million of certain assumed obligations for a total value of $303.0 million. With the BAE Systems transac



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