Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  SAFRAN    SAF   FR0000073272

SAFRAN (SAF)

Delayed Quote. Delayed  - 09/23 05:35:07 pm
65.04 EUR   -0.85%
09/23 SAFRAN : Announces Launch of Albuquerque Police Department MorphoClo..
09/22 SAFRAN : partners Hello Tomorrow, a challenge for innovative startup..
09/20 SAFRAN : partners Hello Tomorrow, a challenge for innovative startup..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

SAFRAN : L-1 Identity Solutions and Safran Receive Approval for the Pending Merger Transaction from the Committee on Foreign Investment in the United States (CFIUS)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2011 | 04:15pm CEST
201119.07.2011

L-1 Identity Solutions and Safran Receive Approval for the Pending Merger Transaction from the Committee on Foreign Investment in the United States (CFIUS)

Merger Expected to Close within Five Business Days

Stamford, CT (USA) and Paris (France) - July 19, 2011

L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity solutions and services, and Safran (NYSE Euronext Paris: SAF) today announced that in connection with the pending acquisition of L-1 by Safran, the parties have reached a final agreement on the terms of a definitive mitigation agreement with the United States government. L-1 and Safran were notified by CFIUS on July 19, 2011 that the investigation of the merger transaction is complete and that there are no unresolved national security concerns with respect to the transaction. With CFIUS approval for the merger, and having satisfied all other conditions required prior to closing, the parties intend to complete the merger transaction within the next five business days.

?A little over five years ago we began L-1 with a vision and goal of becoming a leading identity solutions company; a company that would play a key role in securing individual identities, providing technologies to protect citizens and aiding in the fight against terrorism,? said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. ?I am proud to say that with the dedication and hard work of our management team and our employees, we accomplished our goal. The combination of L-1 and Safran Morpho with our complementary technologies, markets and promising synergies will result in the leading worldwide-wide provider of identity solutions today and into the future.?

Safran will hold a conference call for analysts/investors the day the transaction is closed.

****

About L-1 Identity Solutions

L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics / Enterprise Access and Secure Credentialing solutions and Enrollment services. With the trust and confidence in individual identities provided by L-1, international governments, federal and state agencies, law enforcement and commercial businesses can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT.

For more information, visit

www.L1ID.com

About Safran

Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC Large 60 index.

For more information, visit

www.safran-group.com

L-1 Forward Looking Statements

This communication contains forward-looking statements by L-1 Identity Solutions that involve risks and uncertainties. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect L-1?s current views based on management?s beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the availability of customer funding for L-1 products and solutions, general economic and political conditions, the timing of consummating the previously announced proposed merger with Safran, the risk that actions or deliverables that, by their nature, are to be taken or delivered at the closing of such transaction may not be taken, delivered or waived, and additional risks and uncertainties described in the Securities and Exchange Commission filings of L-1, including its Form 10-K for the year ended December 31, 2010 and its Form 10-Q for the three months ended March 31, 2011. L-1 expressly disclaims any intention or obligation to update any forward-looking statements.

SAFRAN CONTACT

L-1 Identity Solutions

Doni Fordyce

+1 203-504-1109

dfordyce@L1ID.com

Safran Press

Catherine Malek

+33 (0)1 40 60 80 28

catherine.malek@safran.fr

Safran Investor Relations

Pascal Bantegnie

+33 (0)1 40 60 80 45

pascal.bantegnie@safran.fr

Antoine-Pierre de Grammont

+33 (0)1 40 60 80 47

antoine-pierre.degrammont@safran.fr

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAFRAN
09/23 SAFRAN : Announces Launch of Albuquerque Police Department MorphoCloud
09/22 SAFRAN : partners Hello Tomorrow, a challenge for innovative startups from aroun..
09/20 SAFRAN : partners Hello Tomorrow, a challenge for innovative startups from aroun..
09/20 SAFRAN : Announces Launch of Albuquerque Police Department MorphoCloud
09/19 SAFRAN : FIDO certifies Safran's biometric authentication solutions for eID card..
09/19 SAFRAN : celebrates the completion of 500th landing gear for Boeing 787 Dreamlin..
09/16 SAFRAN : Labinal Assigned Patent
09/13 SAFRAN : FIDO certifies Safran’s biometric authentication solutions for eI..
09/13 SAFRAN : celebrates the completion of 500th landing gear for Boeing 787 Dreamlin..
09/12DJSouthwest Incident Linked to Cracked Engine Blade
More news
Sector news : Aircraft Parts Manufacturing
09/24DJForeign Jet-Fighter Makers Woo India
09/23 AIRBUS : U.S. lawmakers have 'grave concern' over Boeing, Airbus Iran licenses
09/23DJBAE : COO Charles Woodburn Buys 26,498 Shares
09/23DJIndia Signs $8.7 Billion Deal with Dassault for Rafale Fighter Jets
09/22 Airbus confident in supplier's plans to fix engine delays
More sector news : Aircraft Parts Manufacturing
News from SeekingAlpha
09/16 GE'S INTENDED ACQUISITION OF 3-D PRI : Financial Negatives May Outweigh Strategi..
08/29 WALL STREET BREAKFAST : Week Of Economic Data Up Next
08/28 Southwest flight diverted after engine fails
08/11 Tracking Tweedy Browne Portfolio - Q2 2016 Update
07/30 Safran's (SAFRF) CEO Philippe Petitcolin on Q2 2016 Results - Earnings Call T..
Advertisement
Financials (€)
Sales 2016 17 972 M
EBIT 2016 2 494 M
Net income 2016 1 885 M
Debt 2016 1 019 M
Yield 2016 2,36%
P/E ratio 2016 15,36
P/E ratio 2017 16,42
EV / Sales 2016 1,57x
EV / Sales 2017 1,50x
Capitalization 27 124 M
More Financials
Chart SAFRAN
Duration : Period :
SAFRAN Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Full-screen chart
Technical analysis trends SAFRAN
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 66,9 €
Spread / Average Target 2,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Ross McInnes Chairman
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SAFRAN2.64%30 449
TRANSDIGM GROUP INCORP..26.14%15 349
AVIC AIRCRAFT CO LTD--.--%8 947
SPIRIT AEROSYSTEMS HOL..-12.12%5 678
MTU AERO ENGINES AG-0.07%5 256
CHINA AVIONICS SYSTEMS..-21.52%5 099
More Results