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Eurocopter Holding Acquires 98.32% Of Vector Aerospace Corporation Shares Following C$13.00/Share Cash Offer

Written by thomas · Filed Under Aeronautics News 

July 6, 2011

thomas

• Acquisition Bolsters Eurocopter’s Support & Services Activities
• Compulsory Acquisition Planned To Obtain 100%
Leiden, The Netherlands and Toronto, Canada – June 30, 2011
Eurocopter Holding, a subsidiary of EADS (EUR:EAD), and Vector Aerospace Corporation (TSX:RNO), a Canadian corporation listed on the Toronto Stock Exchange, announced today that all of the terms and conditions of the offer by 7762798 Canada Inc. (the “Offeror”), to acquire at a price of C$13.00 in cash per share, all of the outstanding Common Shares of Vector Aerospace, including all shares that may be issued on the exercise of options granted under Vector Aerospace’s share option plan (the “Offer”), have been satisfied prior to the expiry of the Offer at 2:00 p.m. (Toronto time) on June 30, 2011.
The acquisition of Vector Aerospace will help to increase the growth of Support & Services activities for Eurocopter and EADS in both the civil and governmental markets. Vector Aerospace will also strengthen EADS’ presence in North America and the UK, in alignment with the company’s strategic goals as outlined in EADS’ Vision 2020 plan.

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