Honeywell in the Driving Seat at First Technology

Evening Standard - London › December 19, 2005

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Summary

CRASH-TEST dummies maker First Technology is to be bought by Honeywell, the US aerospace and industrial giant, in a Pounds 207 million cash deal.

The offer, recommended by First Technology's board - led by Frederick Westlake - comes in at 275p, a 23% premium to Friday's closing price but still below its average share price over the past half decade.

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Extract

Honeywell in the Driving Seat at First Technology

Honeywell boss Davi...

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