Aerospace Group:

Homeland Security

Briefing

DDN

Wednesday, June 25th, 2008

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*France's SAFRAN made an unsolicited $300 million cash offer for Digimarc Corp. [DMRC], besting L-1 Identity Solution's [ID] $263 million cash and stock offer for the leader in the U.S. drivers' license credentialing market. However, SAFRAN's offer hasn't been agreed to by Digimarc and is still subject to due diligence. L-1's deal for Digimarc received federal approval earlier this month while SAFRAN's potential deal would have a higher hurdle to clear in having to go through a Committee on Foreign…

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