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Simula Agree to Merge with Armor Holdings

Sep 3 2003

Simula, a US-based manufacturer of safety systems and body armour have signed an Agreement and Plan of Merger with Armor Holdings. Under the agreement Armor Holdings will purchase all outstanding stock and retire indebtedness for US$110.5 million.

Simula shareholders will receive approximately US$3 per share and the transaction is subject to customary closing conditions and shareholder approval.

For more information on body armour, click here.

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