I've seen a couple articles about law firms filing challenges to the L3-Harris merger. As best as I can tell, the issue seems to be the exchange of Harris and LLL shares.
Is this normal? I'm sure it does not take much to get a lawyer involved.
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As long as the CEO got his cut, then I'm sure everything will be OK.
Read the SEC Form 425 for Harris and explains the valuation.
As I understand the legal challenge.
The "Merger of Equals" LOL because L3T was larger corp, higher sales, yet the stockholders are subordinate to HRS.
However, the plain reading of the SEC Filings (8K) also seem to stress how much $$$$ the BOD and CEO were going to receive.