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Stock Market & Financial Investment News

News Breaks
February 8, 2013
06:35 EDTHONHoneywell looking at 100 comapnies for possible targets, Bloomberg reports
Honeywell International (HON) is evaluating about 100 companies as potential acquisition targets, focusing on deals of less than $1B billion, says CEO Dave Cote. He added that while the prospects are valued at as much as $20B, they're unlikely to buy anything that big because it would risk integration challenges and paying too much.Reference Link
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September 1, 2015
09:07 EDTHONUOP technology selected by ANRPC as part of $300M project
UOP LLC, a Honeywell company, announced that Egypt's Alexandria National Refining & Petrochemicals Company will use UOP technology and equipment as part of a $300M, multi-year project to expand an existing, state-of-the-art gasoline production facility to meet growing domestic demand for high-octane gasoline. ANRPC will add a second UOP CCR Platforming process unit, including a modular CCR section, at the facility in Alexandria to produce high-quality reformate, which is used to produce high-octane, low-sulfur gasoline. ANRPC installed the first UOP CCR unit at the site in 2001.

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