Harris Corp., L3 set closing date for merger

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    Melbourne-based Harris Corp. (NYSE: HRS) and New York-based L3 Technologies (NYSE: LLL) said Friday they have received the necessary regulatory approvals for their all-stock merger and have set a closing date of June 29.

    Upon closing, Harris will be renamed L3 Harris Technologies Inc., and shares of L3 Harris common stock will trade on the NYSE under ticker symbol “LHX.” L3 shares will cease trading at market close on June 28 and convert into 1.3 L3 Harris shares for each L3 share.