Tuesday is proving a busy day for M&A activity. The latest: L-3 Communications (LLL) says it's acquiring Danaher's (DHR) Kollmorgen Electro-Optical (KEO) division, an Italy-based maker of specialized industrial and defense products, for $210M in cash. L-3 claims KEO will generate $160M-$170M in 2012 sales, to go with EBITDA of $26M-$30M.
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