Brief: Honeywell Says Will Initiate A Voluntary Tender Offer To Acquire All Outstanding Shares Of Civitanavi

Civitanavi Systems SpA

27/03/2024 06:19

March 27 (Reuters) - Civitanavi Systems SpA  CNS.MI :
    * HONEYWELL TO ACQUIRE CIVITANAVI SYSTEMS TO STRENGTHEN
AUTONOMOUS
OPERATIONS OFFERINGS IN AEROSPACE AND EXPAND EUROPEAN FOOTPRINT
    * HONEYWELL- WILL INITIATE A VOLUNTARY TENDER OFFER TO
ACQUIRE ALL
OUTSTANDING SHARES OF CIVITANAVI FOR A PURCHASE PRICE OF EUR
6.30 PER SHARE IN CASH
    * HONEYWELL- OFFER FOR AN EQUITY VALUE OF APPROXIMATELY EUR
200
MILLION AT CLOSING

Source text for Eikon:  ID:nPn2kV9q9a 
Further company coverage:  CNS.MI 

 ((Reuters.Briefs@thomsonreuters.com;))