:

L-1 Tops SAFRAN’s Offer For Digimarc’s ID Business

DDN

Thursday, July 3rd, 2008

SHARE:

Determined to secure the stronghold on the nation's driver's license credentialing market, L-1 Identity Solutions [ID] recently boosted its offering price for Digimarc Corp. [DMRC] by nearly $50 million to $310 million, trumping SAFRAN's $300 million unsolicited offer that was disclosed last week. Digimarc's board of directors has approved the amended offer from L-1 and is recommending that the company's stock owners tender their shares. The tender offer, which is a new wrinkle in L-1's offer that is aimed at…

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]