Honeywell International, Inc. (HON) said on Wednesday that it will initiate a voluntary tender offer to acquire Civitanavi Systems S.p.A. (CNS), an Italian aerospace and defense firm, for 6.30 euros per share in cash or around 200 million euros.
The purchase price represents a premium of around 27.1 percent to the 30-day volume-weighted average trading price of Civitanavi's share as of March 26.
The transaction is scheduled to be concluded in the third quarter.
Jim Currier, CEO of Honeywell Aerospace Technologies, said: "By integrating Civitanavi's inertial technologies and sensors across Honeywell's existing commercial, military, space and industrial platforms, our customers across the globe will now have access to a more robust portfolio of aerospace navigation solutions in support of their journey toward autonomous operations."
Bird & Bird is acting as legal counsel to Honeywell, whereas UniCredit is acting as financial advisor.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.