Summary
Honeywell International Inc. (HON) announced on June 13, 2011, its agreement to acquire EMS Technologies, Inc. (EMS) for $33.00 per share in an all-cash tender offer. This strategic move aims to integrate EMS into Honeywell, making it a wholly-owned subsidiary upon successful completion of the offer and subsequent merger. The acquisition is expected to enhance Honeywell's product and service offerings within its existing business segments. Investors should note that this filing serves as an initial announcement regarding the planned transaction. The tender offer has not yet commenced, and further detailed filings (Schedule TO and Schedule 14D-9) will be made by Honeywell, its subsidiary Egret Acquisition Corp., and EMS. These future filings will contain crucial information for EMS shareholders, including the formal offer to purchase and recommendation statements, and are recommended reading for anyone considering their investment in EMS.
Key Highlights
- 1Honeywell to acquire EMS Technologies for $33.00 per share in an all-cash tender offer.
- 2The acquisition is structured as a tender offer by Honeywell's subsidiary, Egret Acquisition Corp., followed by a merger.
- 3EMS Technologies will become a wholly-owned subsidiary of Honeywell upon successful completion of the transaction.
- 4The transaction is expected to be accretive to Honeywell's earnings.
- 5The tender offer has not yet commenced; formal filings (Schedule TO and Schedule 14D-9) are forthcoming.
- 6Additional information will be made available on the SEC's EDGAR database and through information agents.