L-1 Identity Solutions and Safran Receive Approval for the Pending Merger Transaction from the Committee on Foreign Investment in the United States (CFIUS)

STAMFORD, Conn. & PARIS--(BUSINESS WIRE)--L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity solutions and services, and Safran (NYSE Euronext Paris: SAF) today announced that in connection with the pending acquisition of L-1 by Safran, the parties have reached a final agreement on the terms of a definitive mitigation agreement with the United States government. L-1 and Safran were notified by CFIUS on July 19, 2011 that the investigation of the merger transaction is complete and that there are no unresolved national security concerns with respect to the transaction. With CFIUS approval for the merger, and having satisfied all other conditions required prior to closing, the parties intend to complete the merger transaction within the next five business days.