By Megan Stride ( June 26, 2012, 7:58 PM EDT) -- Defense contractor L-3 Communications Holdings Inc.'s board of directors has greenlighted the spinoff of its Engility Holdings Inc. subsidiary, the company said Tuesday, in a deal that will allow shareholders to receive one share of Engility for every six shares of L-3 common stock as a U.S. tax-free distribution....
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