Filed under: Deals, Management, Financials and analyticals

L-3 Comm(NYSE:LLL) volatility Up; Unconfirmed chatter management lead buyout of unit. LLL, a defense contractor is recently up $3.76 to $96.86 on unconfirmed chatter of a potential management lead buyout of division of LLL. LLL has a market cap of $12.2 billion with long-term debt of $4.5 billion. LLL’s, Frank Lanza, the well known industry veteran who built LLL into a large defense contractor, died in June of 2006. BAE Systems has been frequently mentioned as potential buyer of LLL. LLL September option implied volatility of 28 is above its 26-week average of 23 according to Track Data, suggesting more massive risk.

Daily Mergers Update provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Friday, December 14th, 2007 at 3:46 am and is filed under Financials and Analyticals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.