Responding to recent market rumours and media reports, the US-based manufacturer said approaches had been made but no merger or sale was imminent.
”We are not pursuing, discussing or examining a sale or merger of Harris,” said chief executive Howard L Lance.
“From time to time, it's accurate to say we have been approached by other companies that see our track record, see our brand and see synergies. The directors and I have great confidence in this company, its employees and its future.”
The decision to release a statement was made because the talk of a sale was becoming a distraction, with Harris insisting that “it could be damaging to the company, and could fuel speculation in our stock”.
US newspapers have linked Harris with a number of $10bn deals. General Dynamics and Northrop Grumman were named among the potential buyers.
Harris Broadcast Com-muni-cations, a division of Harris Communi-cations, makes broadcast servers, infrastructure products and transmitters for radio and TV.
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