PPA - Honeywell Takes Flight In Autonomous Future With Civitanavi Acquisition | Benzinga
Honeywell International Inc (NASDAQ:HON) disclosed the intention to acquire all outstanding shares of Civitanavi Systems S.p.A.
Civitanavi provides position navigation and timing technology for the aerospace, defense, and industrial markets.
The company will initiate a voluntary tender offer of €6.30 per share in cash (an equity value of approximately €200 million at closing).
The purchase price represents a premium of about 27.1% to the 30-day volume-weighted average trading price of Civitanavi’s stock, which ended on March 26, 2024, ...