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US Security Panel Examines Safran's $1.6B L-1 Buy

Law360 (March 16, 2011, 12:10 PM EDT) -- A U.S. panel tasked with making sure corporate dealmaking does not unduly compromise national security is investigating Paris-based Safran SA's planned $1.6 billion purchase of L-1 Identity Solutions Inc., the Stamford, Conn.-based intelligence and security company told regulators Wednesday.

L-1 Identity Solutions told the U.S. Securities and Exchange Commission that the Committee on Foreign Investment in the United States — a body that includes representatives from the U.S. Departments of Defense, State and Commerce — has scheduled its investigation period to expire on April 29. That...
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