L-3 Comm (LLL) Higher on Takeover Rumors Following Sudden Passing of CEO Lanza

Shares of L-3 Communications Holdings Inc. (NYSE: LLL) are higher in early action as takeover rumors surround the name following the sudden passing of Chairman and Chief Executive Officer Frank C. Lanza.

The stock is trading at $76.51 on the NYSE this morning, up $3.02 or 4.11%.