Dec 7 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO :
* ATS LAUNCHES VOLUNTARY TENDER OFFER FOR GLOBAL FOOD & BEVERAGE EQUIPMENT SUPPLIER CFT S.P.A.
* ATS AUTOMATION TOOLING SYSTEMS - TENDER OFFER OF EUR 4.60 PER SHARE REPRESENTS TOTAL EQUITY VALUE OF EUR 88 MILLION, TOTAL ENTERPRISE VALUE OF EUR 166 MILLION
* ATS AUTOMATION TOOLING SYSTEMS INC - EXPECTS TO ACHIEVE APPROXIMATELY EUR 7 MILLION IN ANNUAL COST SYNERGIES WITHIN THREE YEARS OF CLOSING
* ATS AUTOMATION TOOLING SYSTEMS - ATS ALSO EXPECTS REVENUE SYNERGIES TO GENERATE ABOUT EUR 7 MILLION OF EBITDA WITHIN 3 YRS FROM JOINT PRODUCT DEVELOPMENT
* ATS AUTOMATION TOOLING SYSTEMS - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ATS' EARNINGS AND CASH FLOW PER SHARE IN FIRST YEAR FOLLOWING ACQUISITION
* ATS AUTOMATION TOOLING SYSTEMS - ATS IS TARGETING A DOUBLE-DIGIT RETURN ON INVESTED CAPITAL (ROIC) BY THIRD YEAR FOLLOWING COMPLETION OF ACQUISITION
* ATS AUTOMATION TOOLING SYSTEMS - TENDER OFFER LAUNCHED BY ATS AUTOMATION HOLDINGS ITALY S.R.L. TO BUY 100% OF CFT'S OUTSTANDING SHARES,VOTING RIGHTS