Honeywell Receives U.S. Antitrust Clearance for Acquisition of Sperian ProtectionBy Honeywell, PRNE
Thursday, July 15, 2010
MORRIS TOWNSHIP, New Jersey, July 16, 2010 - Honeywell (NYSE: HON) today announced it has received antitrust clearance
from the U.S. Federal Trade Commission for its pending all cash tender offer
to acquire the shares of Sperian Protection for euro 117 (dividend attached)
per Sperian Protection share, which opened on July 12, 2010.
The transaction has already been approved by the French Ministry of
Economy, Industry and Employment pursuant to French regulations relating to
The offer has been unanimously recommended by the Sperian Board of
Directors, has been cleared by the French Autorite des marches financiers
(AMF) on June 22, 2010 and has been opened on July 12, 2010.
The completion of the offer only remains subject to the European Union
antitrust clearance and to the successful tender by Sperian's shareholders of
shares representing no less than 57% of the fully diluted number of shares
(including the stakes of shareholders Essilor and Mrs. Ginette Dalloz).
Honeywell expects the transaction to close in the third quarter of 2010.
The exact closing date of the offer will be determined by the AMF once the
approval of the European antitrust authority is granted.
Sperian Protection is a leader in personal protection equipment (PPE)
design and manufacturing and will be combined within Honeywell's Automation
and Control Solutions' Life Safety business.
The tender offer prospectus (note d'information) cleared by the AMF is
available for consultation on the website of the AMF
(www.amf-france.org) and of Honeywell
(www.honeywell.com/sites/fr) and may be obtained free of charge from:
Deutsche Bank AG Honeywell Holding France Lazard Freres Succursale de Paris 2, rue de l'Avenir Banque 3, avenue de Friedland Zone Industrielle Inova 121 boulevard 75008 Paris 3000 Haussmann 88150 Thaon-les-Vosges 75008 Paris
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide with
aerospace products and services; control technologies for buildings, homes,
and industry; automotive products; turbochargers; and specialty materials.
Based in Morris Township, N.J., Honeywell's shares are traded on the New
York, London, and Chicago Stock Exchanges. For more news and information on
Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of the
Securities Exchange Act of 1934. All statements, other than statements of
historical fact, that address activities, events or developments that we or
our management intends, expects, projects, believes or anticipates will or
may occur in the future are forward-looking statements. Such statements are
based upon certain assumptions and assessments made by our management in
light of their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and other
factors they believe to be appropriate. The forward-looking statements
included in this release are also subject to a number of material risks and
uncertainties, including but not limited to economic, competitive,
governmental, and technological factors affecting our operations, markets,
products, services and prices. Such forward-looking statements are not
guarantees of future performance, and actual results, developments and
business decisions may differ from those envisaged by such forward-looking
Honeywell Contacts: U.S. Media Investor Relations Robert C. Ferris Elena Doom +1-973-455-3388 +1-973-455-2222 firstname.lastname@example.org email@example.com Europe Media Toll free number Ilse Schouteden (individual shareholders): +32-47-620-9019 00-800-2667-8832 firstname.lastname@example.org
Honeywell Contacts: U.S. Media: Robert C. Ferris, +1-973-455-3388, rob.ferris at honeywell.com; Europe Media: Ilse Schouteden, +32-47-620-9019, ilse.schouteden at honeywell.com; Investor Relations: Elena Doom, +1-973-455-2222, elena.doom at honeywell.com; Toll free number (individual shareholders): 00-800-2667-8832
Tags: Honeywell, July 16, Morris township, new jersey, Western Europe