Honeywell Int'l, Inc. (HON) Message Board

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Non-Tech : Honeywell Int'l, Inc. (HON)

HON 197.72

-1.8%

9:30 AM EST

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To: Neil H who wrote (35)	10/19/2000 4:56:19 PM
From: Ernie Kelley	Read Replies (1) of 58

United Technologies in Honeywell bid eport: Companies to merge in $40 billion deal By Jeffry Bartash, CBS.MarketWatch.com Last Update: 4:48 PM ET Oct 19, 2000 NEW YORK (CBS.MW) -- Shares of Honeywell jumped 17 percent in after-hours trading Thursday on the heels of a report that the company will be acquired by United Technologies for $40 billion. A Honeywell spokesman declined to comment on the report by CNBC. A spokesman for United Technologies did not immediately return phone calls. Shares of Honeywell (HON: news, msgs) rose to $42.50 in after-market activity, up from a closing price Thursday of $36.13. United Technologies (UTX: news, msgs) shares remained near their closing level of $68. If the deal is struck, it would unite two of the nation's largest aerospace and industrial concerns. Both are also components of the Dow Jones Industrial Average.

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