By L-3 Communications Holdings Inc. [LLL] on Tuesday said its board of directors approved the distribution to its shareholders of all the outstanding shares of its subsidiary, Engility Holdings Inc., and set the distribution ratio, record date and distribution date for the spin-off. Each L-3 shareholder of record as of July 16, 2012, the record date for the distribution, will receive on July 17, 2012, the distribution date, one share of Engility for every six shares of L-3 common stock held…
L-3 Board of Directors Approves Spin-Off of Engility Holdings Inc.
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