Elbit Systems Modifies Tender Offer For Balance of Tadiran Communications' Shares
April 15 2007 - 1:45PM
PR Newswire (US)
HAIFA, Israel, April 15 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) (the "Company") announced today that further to
its announcement of March 20, 2007 regarding the issue of cash
tender offer to acquire the balance of the ordinary shares of
Tadiran Communications Ltd. (TASE:TDCM) ("Tadiran"), it has
modified the tender offer. According to the modification, the
Company increase the price for the Tadiran shares from a price of
New Israeli Shekel 186 per share, to a final price of New Israeli
Shekel 210 (approximately $51.60) per share, and the tender offer
period was extended until April 26, 2007. 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: Joseph Gaspar, Corporate VP & CFO, Dalia Rosen,
Director of Corporate Communications, Elbit Systems Ltd, Tel:
+972-4-8316663, Fax: +972-4-8316944, E-mail: , , Ehud Helft / Kenny
Green, G.K. Investor Relations, Tel: +1-866-704-6710, Fax:
+972-3-607-4711, E-mail:
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