civitanisystems
Honeywell International said on Wednesday that it will initiate a voluntary tender offer to acquire Civitanavi Systems, an Italian aerospace and defence firm, for €6.30 per share in cash or around €200 million ($216.6 million). The purchase price represents a premium of around 27.1% to the 30-day volume-weighted average trading price of Civitanavi's share as of Tuesday. The transaction is scheduled to be concluded in the third quarter. Jim Currier, chief executive of Honeywell Aerospace Technologies, said: "By integrating Civitanavi's inertial technologies and sensors across Honeywell's existi...
DPA International
Honeywell International said on Wednesday that it will initiate a voluntary tender offer to acquire Civitanavi Systems, an Italian aerospace and defence firm, for €6.30 per share in cash or around €200 million ($216.6 million). The purchase price represents a premium of around 27.1% to the 30-day volume-weighted average trading price of Civitanavi's share as of Tuesday. The transaction is scheduled to be concluded in the third quarter. Jim Currier, chief executive of Honeywell Aerospace Technologies, said: "By integrating Civitanavi's inertial technologies and sensors across Honeywell's existi...
DPA
Honeywell International said on Wednesday that it will initiate a voluntary tender offer to acquire Civitanavi Systems, an Italian aerospace and defence firm, for €6.30 per share in cash or around €200 million ($216.6 million). The purchase price represents a premium of around 27.1% to the 30-day volume-weighted average trading price of Civitanavi's share as of Tuesday. The transaction is scheduled to be concluded in the third quarter. Jim Currier, chief executive of Honeywell Aerospace Technologies, said: "By integrating Civitanavi's inertial technologies and sensors across Honeywell's existi...
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