L-1 Identity Solutions Completes the Sale of Intelligence Services Businesses to BAE Systems

L-1 Identity Solutions, Inc. ID today announced the completion of the sale of the L-1 intelligence services businesses (SpecTal, LLC, Advanced Concepts, Inc. and McClendon, LLC) to BAE Systems, Inc. (BAESY). As previously announced, the purchase price includes $295.8 million in cash and approximately $7.2 million of certain assumed obligations for a total value of $303.0 million.