Nov 5 (Reuters) - COM DEV International Ltd CDV.TO :
* Announces acquisition by Honeywell and spinout of Exactearth
* Says Com Dev shareholders to receive up to $5.25 in cash plus 0.1977 of a
share of exactearth ltd
* Says aggregate implied transaction value of up to $6.54 for each Com Dev
share
* Says exactearth to become standalone public company
* Says transaction has unanimous approval of Com Dev board of directors
* On closing date, Honeywell will pay $10 million in escrow for distribution to
Com Dev shareholders following closing
* Source text for Eikon urn:newsml:reuters.com:*:nCNWmvK5ra
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