Message Font: Serif | Sans-Serif
No. of Recommendations: 1

Titan(ic) Surfaces Unscathed
By Rich Smith
June 3, 2005

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...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.