Regulatory Approval
January 11 2005 - 2:01AM
UK Regulatory
RNS Number:2192H
Honeywell International Inc
10 January 2005
Not for release, publication or distribution in or into Australia, Canada, Japan
or the United States
FOR IMMEDIATE RELEASE
January 10, 2005
HONEYWELL INTERNATIONAL INC.
Honeywell receives Federal Trade Commission approval for Novar acquisition
MORRIS TOWNSHIP, N.J., January 10, 2005 - Honeywell (NYSE: HON) today announced
that it has received approval from the Federal Trade Commission for its pending
offer to acquire the shares of Novar plc. The transaction, which also requires
approval from the European Commission, is expected to complete in the first
quarter of 2005. Honeywell previously announced its offer to acquire Novar on
December 13, 2004.
About Honeywell
Honeywell is a $25 billion diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive products;
turbochargers; and specialty materials. Based in Morris Township, N.J.,
Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock
Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial
Average and is also a component of the Standard & Poor's 500 Index. For
additional information, please visit www.honeywell.com.
About Novar
Novar, a UK listed holding company, operates internationally in three different
businesses:
Novar Intelligent Building Systems (IBS) is a global business supplying
electrical, electronic and control products and services to building operators,
contractors and developers worldwide. Indalex Aluminum Solutions is one of the
world's largest aluminum extrusion companies with a comprehensive network of
plants across North America. The Security Printing Services division operates a
security printing business which handles more than 55 million check orders a
year and more than 17 million customer and partner contacts annually on behalf
of financial institutions in the United States.
Enquiries
JPMorgan Tel: +44 (0) 20 7742 4000
Larry Slaughter
Eamon Brabazon
Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Anthony Carlisle
Sarah Gestetner
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 formal
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.
Terms defined in the Offer Document have the same meanings in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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