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Contact: Tom McCarthy, Director, Odyssey Corporate Finance
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E: tom@odysseycf.com
www.odysseycf.com
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12 Jan 18. Update on the intended offer by Thales for Gemalto. (See: BATTLESPACE ALERT Vol.19 ISSUE 25, 17 December 2017, Thales Acquires Gemalto in €4.6bn Deal). Pursuant to the provisions of Section 7, paragraph 1 sub a of the Decree, requiring a public announcement including a status update regarding an intended public offer within four weeks following its announcement, Thales and Gemalto hereby provide this joint update on the Offer.
Thales and Gemalto confirm that they are making good progress on the preparation for the Offer. Thales expects to submit a request for review and approval of the offer document in relation to the Offer with
the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) during the week beginning 29 January 2018, which is before the applicable deadline under Dutch law.
In addition, Thales and Gemalto confirm that the process to obtain the required regulatory approvals and clearances for the Offer is proceeding. The transaction is expected to close shortly after Thales has secured all customary regulatory approvals and clearances, which is anticipated in the second half of 2018.
11 Jan 18. Rockwell Collins’ Shareowners Vote Overwhelmingly in Favor of Acquisition by UTC. Rockwell Collins, Inc. (NYSE: COL) (“Rockwell Collins”) announced that today its shareowners overwhelmingly approved the proposed acquisition of Rockwell Collins by United Technologies Corp. (NYSE:UTX) (“UTC”). More than 96 percent of all votes cast, representing more than 72 percent of all shares of common stock outstanding on the record date for the special meeting, were in favor of the transaction. Upon satisfaction of required regulatory and other customary closing conditions, Rockwell Collins will be combined with UTC Aerospace Systems to create a new United Technologies business called Collins Aerospace Systems. The proposed transaction is expected to close by the third quarter of 2018.
“Shareowners have made clear their support for this acquisition, bringing it one step closer to reality,” said Kelly Ortberg, Rockwell Collins’ Chairman, President and CEO. “As Collins Aerospace, we’ll be a stronger company, with attractive aerospace product and service portfolios, and ultimately, better positioned for long-term success.”A full description of the proposed transaction is included in the proxy statement for the special meeting available through the Securities and Exchange Commission website at www.sec.gov or on the Investor Relations section of www.rockwellcollins.com. (Source: BUSINESS WIRE)
11 Jan 18. Peraton Announces the Establishment of Two New Sectors; Names Gus Bontzos as President, Defense and Electronic Warfare Sector. Strengthening its focus on emerging warfighting domains, Peraton has announced the establishment of two new sectors:
“We are deliberately building a company that is positioned to meet our customers’ mission needs now and is prepared to aggressively shape and pursue opportunities across the emerging warfighting domains of tomorrow”
The Space, Intelligence and Cyber sector delivers advanced solutions for space, intelligence and cyber/SIGINT missions, focusing on space protection and resiliency, intelligence processing, secure communications, cyber operations, and network platform protection and exploitation across a broad range of national security, civil space, and intelligence community customers. Peraton’s current NASA programs will be aligned under the sector. As announced by the company on January 4, 2018, L. Roger Mason will lead this sector as president.
The Defense and Electronic Warfare sector will serve as the research and development (R&D) arm of Peraton, developing and delivering mission-t