Elbit Systems Ltd. Announces Completion of the Tender Offer for 100% of Cyclone Aviation Products Ltd.
;HAIFA, Israel---Elbit Systems Ltd. announced today that it has completed the acquisition of the shares of Cyclone Aviation Products Ltd. (``Cyclone'') of Karmiel, Israel. Elbit Systems now holds 100% of the issued and outstanding shares. As part of the tender offer, Elbit Systems has acquired approximately 82% of Cyclone's outstanding convertible debentures and is currently in the process of redeeming the balance of the convertible debentures. ;Elbit Systems had previously announced its tender offer for 100% of the shares and debentures of Cyclone on March 9, 1999. ;Cyclone is a provider of maintenance and logistics services and support to aircraft and helicopter operators and manufactures aircraft structures and assemblies.
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Elbit Systems Ltd. Announces Completion of the Tender Offer for 100% of Cyclone Aviation Products Ltd.
