Harris Corp. Has signed a definitive agreement to acquire Tyco Electronics' (formerly known as M/A-COM) Wireless Systems business for $675 million in cash subject to post-closing adjustments.rnThe goodwill arising on completion of this acquisition will be an allowable tax expense with an estimated net present value of $60 million, resulting in an effective purchase price of $615 million.rnTyco Electronics Wireless Systems, a business segment of Tyco Electronics Ltd., was formed in 1999. It grew through the acquisition of ComNet Ericsson in 2001 to create Tyco Wireless Systems, a provider of mission-critical wireless communications systems for law enforcement, fire and rescue, and public-service organizations. Wireless Systems will be combined with the Harris RF Communications business segment to create a new organization that will provide end-to-end wireless-network solutions to the growing $9-billion global land-mobile-radio systems market.
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