Ge To Split Into 3 Separate Providers Focusing On Aviation, Wellness Care And Power

In October 2000 he swooped in to break up a planned $40 billion merger of United Technologies Corporation and Honeywell International Inc. The Honeywell board accepted GE’s $45 billion bid, which was set to be the biggest acquisition in the company’s history. Honeywell was coveted for its aerospace unit, a $9.9 billion organization involved in flight-manage systems, onboard environmental controls, and repair services. The addition of this unit was anticipated…Read More