Early Termination Of Hart Scott Rodino Act Waiting Period Relating
Honeywell (NYSE: HON) today announced that it has received early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously-announced cash tender offer made by Egret Acquisition Corp., a wholly-owned subsidiary of Honeywell, to purchase all of the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG), including the associated common stock purchase rights, at a price of $33.00 per share, without interest and net of applicable withholding taxes. Honeywell also has received the required foreign antitrust approval in Austria in connection with the tender offer.
The early termination of the waiting period under the HSR Act satisfies one of the conditions for consummation of the tender 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.
As previously announced, the tender offer is scheduled to expire at 5:30 p.m., New York City time, on Friday, August 19, 2011. The tender offer may be extended pursuant to the procedures described in the Offer to Purchase with respect to the tender offer.
November 28, 2011