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Leitch Shareholders OK Acquisition by Harris

Harris has completed its acquisition of Leitch for a cash price of $14 per share. Total cash paid by Harris, net of Leitch's cash on hand, was approximately $450 million, as was expected, according to the Sept. 2 News Bytes article.

Harris will add all Leitch products--routers and distribution gear, branding software and post-production editing systems--to its broadcast portfolio. The combined portfolio serves digital audio, video and data content markets. Leitch currently serves approximately 3,000 television service providers in 100 countries.