Elbit Systems Issues Tender Offer for Balance of Tadiran Communications' Shares
March 20 2007 - 5:27AM
PR Newswire (US)
HAIFA, Israel, March 20 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) (the "Company") announced today that the Company
issued a cash tender offer to acquire the balance of the ordinary
shares of Tadiran Communications Ltd. (TASE:TDCM) ("Tadiran") that
are not currently owned by the Company, excluding shares held by
Tadiran itself. The Company currently owns approximately 43% of
Tadiran's outstanding ordinary shares. The tender offer period will
remain open through April 19, 2007 and the tender offer is for a
price of New Israeli Shekel 186 (approximately $44.20) per Tadiran
share. The tender offer provides that in the event the required
approval majority of 95% of Tadiran's outstanding ordinary shares
to acquire all of the Tadiran shares is not obtained, then, subject
to the applicable approval requirements, the Company will purchase
at the same price per share, between 624,534 - 1,175,655
(approximately 5-9.1%) of the outstanding shares of Tadiran. The
tender offer documents, detailing the material terms of the offer,
have been filed with the Israel Securities Authority. About Elbit
Systems Ltd. Elbit Systems Ltd. is an international defense
electronics company engaged in a wide range of defense-related
programs throughout the world. The Elbit Systems Group, which
includes the company and its subsidiaries, operates in the areas of
aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and
reconnaissance ("C4ISR"), advanced electro-optic and space
technologies, EW suites, airborne warning systems, ELINT systems,
data links and military communications systems and equipment. The
Group also focuses on the upgrading of existing military platforms
and developing new technologies for defense and homeland security
applications. Contacts: Company Contact: IR Contact: Joseph Gaspar,
Corporate VP & CFO Ehud Helft / Kenny Green Dalia Rosen,
Director of Corporate Communications Elbit Systems Ltd G.K.
Investor Relations Tel: +972-4-8316663 Tel: +1-866-704-6710 Fax:
+972-4-8316944 Fax: + 972-3-607-4711 E-mail: E-mail: STATEMENTS IN
THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL,
WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE
COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR
OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS.
THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN
THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION. DATASOURCE: Elbit Systems Ltd CONTACT: Contacts: Joseph
Gaspar, Corporate VP & CFO, Dalia Rosen, Director of Corporate
Communications, Elbit Systems Ltd, Tel: +972-4-8316663, Fax:
+972-4-8316944, E-mail: , . IR Contact: Ehud Helft / Kenny Green,
G.K. Investor Relations, Tel: +1-866-704-6710, Fax: +
972-3-607-4711, E-mail:
Copyright
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jul 2023 to Jul 2024