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BRIEF-Harris Corp enters new fixed dollar accelerated share repurchase agreement

May 5 Harris Corp:

* Harris Corp- entered new fixed dollar accelerated share repurchase agreement to repurchase shares of co's common stock for initial payment of $250 million

* Harris Corp- new fixed dollar accelerated share repurchase transaction agreement part of company's common stock repurchase program

* Harris Corp- under terms of asr agreement, company will pay prepayment amount to morgan stanley on May 5, 2017

* Harris Corp- final settlement of transaction under new asr agreement is expected to occur prior to end of Q1 of company's fiscal 2018 Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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