Deals Rumor Mill: Honeywell, Terex, London City Airport
By Benjamin Horney ( February 24, 2016, 7:16 PM EST) -- Honeywell International Inc. has put its building solutions business on the chopping block, according to a Wednesday report from The Wall Street Journal, and the unit could be worth as much as $4 billion. According to the report, New Jersey-based Honeywell has tapped Goldman Sachs Group Inc. to help with the sale process. The report comes only a day after rumors sprouted that Honeywell and United Technologies Corp. were in discussions concerning a potential merger that would create a single aerospace and defense giant worth upwards of $70 billion. The sale of Honeywell's building solutions business could very well be a preemptive strike to try and ease possible regulatory unease if the duo does decide to join forces, Wednesday's report noted....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.