Honeywell Snaps Up EMS Technologies For $491M

Law360, New York (June 13, 2011, 12:51 PM EDT) -- Honeywell International Inc. on Monday announced it would spend $491 million to acquire EMS Technologies Inc., a mobile networking and satellite communications provider for the aviation industry.

Honeywell agreed to purchase all of EMS’ outstanding shares for $33 per share in cash, a price that represents a 33 percent premium to the company’s closing stock price on Friday. EMS took in $355 million in 2010 revenues.

The proposed deal would boost Honeywell’s rugged mobile computing business and expand its satellite communications capabilities, offering leading-edge technology to...
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