L-1 Identity Solutions and Safran Receive Approval for Pending Merger

L-1 Identity Solutions and Safran 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 (Committee on Foreign Investment in the United States) on July 19 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.