20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
L3Harris Technologies Inc (NYSE:LHX) has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million.
The agreement aligns with L3Harris’ portfolio-shaping strategy for non-core assets. The transaction comprises $175 million of cash at closing and a $25 million seller note.
The transaction proceeds are expected to be used consistent with the company's capital allocation plans.
The divested assets, which offer a variety of airborne and ground-based antennas and test equipment, are a part of the Space & Airborne Systems segment and employ approximately 375 people.
The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.
Price Action: LHX shares are trading lower by 1.45% at $206.54 on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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