L-1 Identity Solutions Inc (fka ID)

[Walter]

-1 Identity Solutions Inc. (ID), Safran SA (SAF.FR)

Premium offered: $0.19 or 1.61%
Acquirer: SAF.FR
Target: ID
Offer per share: $12.00 cash
Value of outstanding common equity: $1,117,560,000
Target share price: $11.81
Acquirer share price: N/A
Expected closing: 1Q 2011 2/14/2011
Annualized gain: 5.44%
Note: The deal between ID and SAF.FR is expected to close in the first
quarter of 2011, however, it is contingent on a separate merger between ID's
intelligence services unit and BAE Systems Plc. (BA.LN) that is supposed to
close by the end of 2010 should all cosing conditions be met and the U.S.
Committee on Foreign Investment in the United States approves the
transaction.