United Technologies, Honeywell weigh $40B stock deal
Article Abstract:
United Technologies is acquiring Honeywell International for approximately $40 billion in stock. The deal will create a giant manufacturer of industrial products that will range from aircraft engines and landing gear to fire alarms and elevators. United Technologies' shares have risen 41% from its Mar 9, 2000, low, giving it strong bargaining power in the transaction. Its proposed purchase of Honeywell comes at a time of weakness for Honeywell whose stock has declined 41% due to its Chmn and CEO Michael Bonsignore's difficulty in integrating the businesses of Honeywell and AlliedSignal which merged in Dec 2000.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Banking titans bury hatchet in $35B deal
Article Abstract:
Chase Manhattan Corp announced on Sep 13, 2000 that it is acquiring its former rival J.P. Morgan and Company Inc for $35.2 billion to form J.P. Morgan Chase and Co. The new company will the sixth-largest in the nation and is expected to realize the projected 41.5 billion in cost savings by 2002. Chase Manhattan Chmn and CEO William Harrison Jr. will be the president and CEO of the new company.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Conco, Phillips deal worht $35B
Article Abstract:
Phillips Petroleum Co. merges with Conco Inc. The merger, at a cost of $35 billion, will make the new company, ConcoPhillips the third largest energy company in the U.S.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Ford considered a contender as Kia Motors goes on block. Hyundai wins bid for Kia. Daewoo to go up for auction
- Abstracts: Deutsche Telekom flirts with VoiceStream. Confusion divided Verizon strikers. Telecom's 'best-kept secret' gets out
- Abstracts: Oil prices fall on news U.S. may step in. Winter heating bills loom as oil nears $35
- Abstracts: Firm has jump on Web profiling. Philip Morris: 'deal driven' or 'brilliant'? P&G retools, slashes jobs
- Abstracts: AutoNation changes gears. More car dealers now videotape sales. Retailers rewrite auto sales rules