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http://www.fool.com/News/mft/2005/mft05060315.htm?ref=btp

Titan(ic) Surfaces Unscathed
By Rich Smith
June 3, 2005
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Friday morning, New York's L-3 Communications (NYSE: LLL) bid $2 billion in cash and $680 million in debt assumption to win Titan's hand -- a considerable premium to what Lockheed was willing to pay just a couple of years ago, but only a small premium over Titan's recent share price. Worse, it appears Titan has been consoling herself since the breakup with Lockheed by loading up on the Haagen-Dazs and spending her weekends at Saks, wielding her credit card with abandon. One year ago, Titan's debt load stood at just $540 million...
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