Litton to Buy Intermec: Giant conglomerate Litton...
From Times Staff and Wire Reports
Litton to Buy Intermec: Giant conglomerate Litton Industries Inc. said Thursday that it had agreed to acquire Intermec Corp. for about $200 million through a $24-per-share tender offer for all of Intermec’s stock. Intermec, based in Lynnwood, Wash., makes automatic identification systems like the bar code scanners used in supermarkets. Beverly Hills-based Litton produces a range of technology-based products and services. “The acquisition will strengthen and expand our industrial automation activities and provide us with an entry into new markets,” Litton said.
