Honeywell Tender Offer for Sperian Protection Successful Based on Preliminary Results

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Sep 08, 2010, 03:00 ET

MORRIS TOWNSHIP, N.J., Sept. 8 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that its tender offer on Sperian Protection is successful based on preliminary results.

The French Autorite des marches financiers (AMF) published today the preliminary results of the tender offer, which show that on the closing date of the tender offer, on September 2, 2010, 5,388,340 shares have been tendered to the offer representing 69.5% of the share capital and voting rights of Sperian Protection on the basis of the share capital issued on September 7, 2010.

Including the 2,163,168 shares acquired from Essilor International, the Societe Civile Familiale Dalloz and Mrs. Dalloz on August 9, 2010, Honeywell will hold on the settlement-delivery date 7,551,508 shares, representing 97.48% of the share capital and 97.45% of the voting rights of Sperian Protection on the basis of the share capital issued on September 7, 2010 and 94.4% of the share capital of Sperian Protection on a fully diluted basis. These results would satisfy the offer's minimum threshold condition, which was set to 57% of the capital of Sperian Protection on a fully diluted basis.

The timetable of the subsequent offer will be determined by the AMF on September 10, 2010, after publication of the final results.

Sperian Protection is a leader in personal protection equipment (PPE) design and manufacturing and will become part of Honeywell's Automation and Control Solutions' Life Safety business.

The tender offer prospectus (note d'information) cleared by the AMF is available for consultation on the website of the AMF (www.amf-france.org) and of Honeywell (www.honeywell.com/sites/fr) and may be obtained free of charge from:

Deutsche Bank AG Succursale de Paris 3, avenue de Friedland 75008 Paris	Honeywell Holding France 2, rue de l'Avenir Zone Industrielle Inova 3000 88150 Thaon-les-Vosges	Lazard Freres Banque 121 boulevard Haussmann 75008 Paris

Honeywell (www.honeywell.com) is a Fortune 100 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, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

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