Offer Update: ECMR process
February 07 2005 - 2:01AM
UK Regulatory
RNS Number:2735I
Honeywell International Inc
07 February 2005
Not for release, publication or distribution in or into Australia, Canada, Japan
or the United States
FOR IMMEDIATE RELEASE
February 7, 2005
HONEYWELL INTERNATIONAL INC.
Offer update: ECMR process
Recommended cash offers by JPMorgan on behalf of Honeywell Acquisitions Limited
(a wholly-owned subsidiary of Honeywell International Inc.) for Novar plc
Honeywell Acquisitions Limited ("Honeywell Acquisitions") announces that, at the
request of the European Commission ("Commission"), it is today re-submitting its
application for clearance pursuant to Council Regulation (EC) 139/2004 ("ECMR")
with respect to its cash offers for Novar plc ("Novar") in order to provide the
Commission with alternative market analyses.
The board of Honeywell Acquisitions has been informed by the Commission that the
Commission has taken this step only as a procedural requirement and that it
should not be interpreted as the existence of any substantive issues arising on
the merits of the case. Honeywell Acquisitions still expects to complete this
transaction in the first quarter of 2005.
Enquiries:
Ilse Schouteden (Honeywell) Tel: + 32 2 642 41 43
This announcement does not constitute an offer to sell or an invitation to
purchase or subscribe for any securities or the solicitation of an offer to buy
or subscribe for any securities pursuant to the Offers or otherwise.
JPMorgan, which is regulated in the United Kingdom by the Financial Services
Authority, is acting for Honeywell and the Offeror in connection with the Offers
and no one else and will not be responsible to anyone other than Honeywell or
the Offeror for providing the protections afforded to customers of JPMorgan or
for providing advice in relation to the Offers. The contents of this
announcement have been approved by J.P. Morgan plc of 125 London Wall, London
EC2Y 5AJ.
The directors of the Offeror and members of the Executive Committee accept
responsibility for all information contained in this announcement. To the best
of the knowledge and belief of the directors of the Offeror and the members of
the Executive Committee (who have taken all reasonable care to ensure that such
is the case), the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of such
information.
The Offers will not be made, directly or indirectly, to, or for the account or
benefit of, US Persons or in or into, or by use of the mails or any other means
or instrumentality (including, without limitation, telephonic or electronic) of
interstate or foreign commerce of, or any facility of a national, state or other
securities exchange of, Australia, Canada, Japan or the United States, and the
Offers will not be capable of acceptance by or for the account or benefit of US
Persons or by any such use, means, instrumentality or facility or from within
Australia, Canada, Japan or the United States. Accordingly, copies of
documentation relating to the Offers are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed to, or sent to, or for
the account or benefit of, US Persons or in or into or from Australia, Canada,
Japan or the United States and persons receiving this announcement (including
custodians, nominees and trustees) must not distribute or send it into or from
Australia, Canada, Japan or the United States. Doing so may render invalid any
related purported acceptance of the Offers. In the event that Honeywell extends
the Offers in the US or to or for the account or benefit of US Persons at some
future time, it will do so in satisfaction of the procedural and filing
requirements of the US securities laws at that time, to the extent applicable
thereto.
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in any such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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