Honeywell's Purchase of Sperian Halfway Home

The acquisition of Sperian shares held by Essilor International, Ginette Dalloz, and Societe Civile Familiale Dalloz means the current tender offer until Sept. 2 remains on track.

  • Aug 12, 2010

The acquisition of Sperian shares held by Essilor International, Ginette Dalloz, and Societe Civile Familiale Dalloz, totaling 27.53 percent of Sperian's voting rights, means the transaction will be completed if 57 percent of the fully diluted number of shares are tendered by Sept. 2.

Sperian announced Aug. 10 that Honeywell has acquired the Essilor and Dalloz shares for the agreed price of 117 euros per share.

Both American and European antitrust authorities have approved the acquisition, which will make Honeywell the global leader in PPE manufacturing.

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