Takeover chatter heated up on Sunday night as French company Safran has agreed to buy L-1 Identity Solutions for $1.09 billion. The company from France plans to keep only the core biometrics and identity business in the all-cash deal. ID does face-recognition and other services that are used by governments and other security agencies. Sources also say that BAE Systems from Britain may also bid for L-1's consulting unit, however BAE declined to comment.
Shareholders are poised to get $12 per share, a 23% increase from Friday's closing price of $9.70.
