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Stock Market & Financial Investment News

News Breaks
March 12, 2013
17:19 EDTHON, INIntermec receives request for additional information from FTC about merger with Honeywell
Intermec (IN) and Honeywell (HON) each received a request for additional information from the FTC in connection with Intermec's previously announced proposed merger with Honeywell pursuant to the agreement and plan of merger, dated December 9, 2012, by and among Intermec, Honeywell, and Hawkeye Merger Sub Corp., a wholly owned subsidiary of Honeywell. The Second Request was issued pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after Intermec and Honeywell have substantially complied with the Second Request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC. Intermec intends to respond expeditiously to this request and to continue to work cooperatively with the FTC in connection with its review. Completion of the transaction remains subject to Intermec stockholder approval, regulatory approvals, and other customary closing conditions. Intermec continues to expect that the transaction will close by the end of Q2.
News For IN;HON From The Last 14 Days
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September 2, 2015
07:11 EDTHONHoneywell bucks trend by being rewarded for staying diversified, WSJ says
With rivals large and small, from General Electric (GE) to Danaher (DHR) to Johnson Controls (JCI), breaking up, Honeywell (HON) has been rewarded by investors for bucking the trend and remaining a diversified conglomerate, said The Wall Street Journal. In the thirteen years under current CEO Dave Cote, Honeywell has added about $12B in annual sales via 84 acquisitions, while its 194% gain is more than twice the S&P 500 increase over the same period, the report noted. Reference Link
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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