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EC Clears Honeywell To Acquire Sperian Protection

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Honeywell [HON] yesterday said it received approval from the European Commission for its pending all cash tender offer to acquire the shares of Sperian Protection for about $153.00 (euro 117) per Sperian Protection share, which opened on July 12. The completion of the offer only remains subject to the successful tender by Sperian's shareholders of shares representing no less than 57 percent of the fully diluted number of shares, including the stakes of shareholders Essilor and Ginette Dalloz which shares…

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