Honeywell’s Bid for Silent Witness: It’s in the Mail
MORRIS TOWNSHIP, N.J.
Silent Witness Enterprises Ltd. shareholders should expect
mail from Honeywell Int’l Inc. very soon. Honeywell’s offer
to acquire the Canadian video monitoring manufacturer for
cash price of $11.27 Canadian per share (about $8.59 in
U.S. dollars) has been mailed out to Silent Witness
shareholders. They will also receive a directors’ circular
discussing the reasons Silent Witness’ board of directors
has unanimously recommended acceptance of Honeywell’s
offer.
Honeywell announced on Oct. 16 an agreement with Silent
Witness President and CEO Rob Bakshi and COO Tom Gill for
the Surrey, B.C., Canada, company to be acquired by
Honeywell pursuant to Silent Witness shareholder approval.
Shareholders have until 4:30 p.m. PST on Dec. 3 to respond
to the offer.
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