L-3 To Acquire Titan In Us2.6 Billion Merger

The transaction has been approved by the board of directors of each company and will now be subject to approval by Titan shareholders. Titan recently entered into memoranda of understanding to settle securities law class actions and derivative suits pending in Federal and State courts in California and Delaware. L-3 Communications specializes in access control systems and the merger will likely expand its horizons in the IT arena.