L-1 Identity Solutions (ID) is in talks to sell most of the company – in particular, a business that helps customers track biometric data – to Safran SA, a Paris-based defense electronics company, Bloomberg reports.
The story says the company is likely to be split up, with another buyer to acquire L-1′s intelligence consulting business. In March, L-1 said it was exploring strategic alternatives, including a possible sale of the company.
A spokesperson said there are multiple companies interested in L-1, either in whole or parts.
L-1 today is up $1.28, or 17.7%, to $8.53.
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