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

DDN

Thursday, July 3rd, 2008

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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

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]