Activist investment firm Relational Investors is expected to report that it has become the...

|By:, SA News Editor

Activist investment firm Relational Investors is expected to report that it has become the largest shareholder in L-3 Communications (LLL +4.7%) and is pushing for a breakup of the defense firm, WSJ reports. Relational reportedly wants L-3 to get rid of what it believes are low-margin or slow-growing businesses, including its government services unit.