Eurocopter Holding to acquire Vector Aerospace shares

Eurocopter Holding, a subsidiary of aerospace and defence corporation EADS, and Vector Aerospace, a Canadian company listed on the Toronto Stock Exchange, have entered into a support agreement pursuant to which Eurocopter Holding will acquire all of the issued and outstanding common shares of Vector Aerospace by way of a takeover bid for consideration of CAD13 (£8.30) in cash per common share.

The offer values Vector Aerospace equity at approximately CAD625m, with net debt standing at approximately CAD3.1m on 31 December 2010.