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Harris To Acquire Tyco’s Wireless Business For $675 Million

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By Calvin Biesecker Harris Corp. [HRS] yesterday said it has agreed to acquire the Wireless Systems business of Tyco Electronics [TEL] for $675 million in a deal that gives it entry into the global land mobile radio market and would make it the second largest provider of land mobile radio systems behind Motorola [MOT]. The pending acquisition "will clearly accelerate our entry into the global land mobile radio market," Howard Lance, chairman, president and CEO of Harris, said on a…

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