Honeywell Completes Tender Offer for EMS Technologies, On Door Step of Completing Acquisition

Honeywell‘s (NYSE: HON) wholly-owned subsidiary Egret Acquisition Corp. has completed its tender offer for all shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG), for $33.00 per share, or $491 million.

EMS provides connectivity solutions for mobile networks and satellite communcations.

The offer’s expiration on Friday, Aug. 15, 2011 meant EMS’ shareholders validly tendered 14, 255, 726 shares of EMS common stock for the deal, equal to roughly 91.6 percent of EMS’ outstanding shares.

Honeywell said Egret will promptly merge with and into EMS, with EMS as the surviving corporation.

When the merger is complete, all outstanding shares of EMS’ common stock will convert into the right to $33.00 and EMS’ common stock will cease to be traded on the NASDAQ Global Select market.

Previous acquisition coverage:

August 16: Honeywell Has Full Approval to Acquire EMS Technologies, Tender Offer Expires This Week

August 2: Honeywell Clears Hurdles in Acquisition of EMS Technologies

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

Check Also


KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.


DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.