L-1 Identity Solutions Stockholders Approve the $12 per Share Merger with Safran SA

L-1 Identity Solutions, Inc. ID today announced that its stockholders have approved the previously announced merger transaction with Safran SA. The L-1 shareholder approval of the transaction was one of the conditions to completing the Safran merger. Under the terms of the Merger Agreement, L-1 stockholders will be entitled to receive $12.00 per share in cash upon closing of the Safran merger, for an aggregate enterprise value of approximately $1.6 billion, inclusive of outstanding debt.