ESLT Elbit Systems Ltd

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:

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