SOURCE: Governance for Owners

May 19, 2010 15:03 ET

Governance for Owners welcomes the announcement of the contemplated offer from Honeywell for Sperian Protection

LONDON--(Marketwire - May 19, 2010) - Governance for Owners welcomes the announcement of the contemplated offer from Honeywell for Sperian Protection

Governance for Owners, an independent partnership dedicated to adding long- term shareholder value by exercising owners rights, believes the Board and management of Sperian Protection have achieved an outcome which is in the best interest of the company, its shareholders and employees.

As long term shareholders, managing funds which collectively hold close to 10% of Sperian Protection's share capital, Governance for Owners has always believed in the exciting potential of the business and this combination of two important players in Personal Protective Equipment will allow that potential to be realised.

Governance for Owners is confident that the new business will continue to grow and prosper.

ENDS

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Fabrice Baron / Marie-Hélène Sergent
DDB Financial / Shan
+331 53 32 61 27 / +331 44 50 51 79
fabrice.baron@ddbfinancial.fr / marie.sergent@shan.fr

Notes to Editors:

1. Governance for Owners (GO) is an independent partnership between major institutional share owners, a long-term investor and GO senior executives. GO is dedicated to adding long-term shareholder value for clients by exercising owners' rights.

The GO European Focus Fund invests in a small number of European public companies where value can be added through exercising owners' rights to address key structural or strategic governance weaknesses that have historically impaired company performance.

The GO Stewardship Service offers independent corporate governance voting advice on the largest 1500 companies in the US, Europe, South East Asia and Japan, combined with a more intensive programme of enhanced-value engagement on selected companies within clients' portfolios.

This information is provided by HUGIN

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