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Honeywell Clears Hurdles in Acquisition of EMS Technologies

Honeywell (NYSE: HON) has satisfied two closing conditions of its wholly-owned subsidiary Egret Acquisition Corp.’s cash tender offer to purchase all the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG).

The company received early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976.

Honeywell also received the required foreign antitrust approval in Austria in connection with the offer.

The tender offer continues to be subject to the satisfaction of other conditions, including the receipt of Canadian antitrust approval and Federal Communications Commission approvals.

The tender offer is scheduled to expire at 5:30 p.m. EST on Aug. 19, 2011 if it is not extended.

Recent Acquisition Coverage:

June 13: Honeywell to Acquire EMS Technologies, Inc. for $491M Cash

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