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Honeywell Extends Tender Offer For All Outstanding Shares Of EMS Technologies, Inc. 

 

July 26, 2011

 

Honeywell announced that its wholly-owned subsidiary, Egret Acquisition Corp., is extending until 5:30 p.m., New York City time, on August 19, 2011, its previously-announced cash tender offer for all of the outstanding shares of common stock of EMS Technologies, Inc. including the associated common stock purchase rights, at a price of $33.00 per share, without interest and net of applicable withholding taxes.

 

The tender offer is subject to the satisfaction of conditions, including the receipt of antitrust and Federal Communications Commission approvals.


 The Depositary for the tender offer has advised Honeywell that as of 6:00 p.m., New York City time, on July 25, 2011, stockholders of EMS had validly tendered and not withdrawn 13,593,226 shares of EMS common stock, including 1,390,810 shares tendered through notices of guaranteed delivery.  The shares tendered represent approximately 87.4% of the outstanding shares of EMS (or approximately 81.6% calculated on a fully diluted basis).  The tender offer was previously set to expire on July 25, 2011, and may be further extended as described in the Offer to Purchase with respect to the tender offer.