NEW YORK May 25 EMS Technologies Inc ELMG.O,
which put itself up for sale amid pressure from an activist
investor, is seeking final bids for the wireless communication
products maker in two weeks, four people familiar with the
matter said this week.
Several private equity and strategic bidders -- meaning
companies that operate in the same industry as the seller --
have shown interest in buying EMS, but bidding rounds whittled
the group down to only strategic buyers, one of these people
with knowledge of the process said.
Final offers are due in the second week of June, around
June 9, all of the people said, asking not to be identified
because details of the auction are not public.
EMS, with a market capitalization of around $370 million,
has drawn initial interest from companies including Comtech
Telecommunications Corp (CMTL.O) and Honeywell International
Inc (HON.N), several people familiar with the matter have said.
It is unclear if these firms remain keen.
(Reporting by Soyoung Kim and Nadia Damouni, editing by