Harris Corporation to acquire Schlumberger Global Connectivity ...
Harris Corporation to acquire Schlumberger Global Connectivity ...
Harris Corporation to acquire Schlumberger Global Connectivity ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Deal terms<br />
Consideration • $397.5MM in cash<br />
Tax Benefits • <strong>Harris</strong> <strong>to</strong> step-up tax basis in assets <strong>acquire</strong>d<br />
• Tax step-up net present value of $50MM<br />
• Reduces “net” purchase price <strong>to</strong> $347.5MM<br />
Structure • Purchase of assets and assumption of certain<br />
Key conditions<br />
& timing<br />
liabilities<br />
• Cus<strong>to</strong>mary regula<strong>to</strong>ry approvals and conditions<br />
• Closing expected during the third quarter of fiscal 2011<br />
(first quarter of calendar 2011)<br />
<strong>Schlumberger</strong> GCS, 8 November 2010
Change language