Sullivan Reps Harris In $525M CapRock Purchase

Law360, New York (May 21, 2010, 7:13 PM EDT) -- Harris Corp. said Friday that it had inked a deal to buy privately held CapRock Communications Inc. for $525 million in cash, a deal Harris says will allow it to expand its customer base and international presence.

Harris said it would finance the transaction, expected to close in the first quarter of fiscal 2011, using a combination of cash on hand, commercial paper and borrowings.

Melbourne, Fla.-based Harris is an international communications and information technology company.

The agreement to buy CapRock — which provides managed satellite...
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