W
At the eleventh hour, GE and Honeywell are trying to convince the European
Union to let their merger go forward.
As the article from the Wall Street Journal today points out:
"June 27, 2001
General Electric Co. and Honeywell International Inc. made an 11th-hour push for their proposed $42 billion merger in talks with European regulatory officials in Brussels, informally offering to sell a minority stake of GE's aviation-financing unit to noncompetitors in exchange for fewer divestitures of Honeywell's avionics businesses, according to people familiar with the situation. In earlier negotiations, the commission had raised the prospect of publicly floating a piece of the financing unit, or even of giving a stake to competitors, ideas at which GE balked."
As I said before, this is about protecting Airbus, ABB and Siemens...
Walt Boyes
---------------------------------------------
Walt Boyes -- MarketingPractice Consultants
[email protected]
21118 SE 278th Place - Maple Valley, WA 98038
253-709-5046 cell 425-432-8262 home office
fax:801-749-7142 ICQ: 59435534
"Strategic marketing, sales and electronic
business consulting for the small and medium-sized
enterprise: http://www.waltboyes.com"
---------------------------------------------
Union to let their merger go forward.
As the article from the Wall Street Journal today points out:
"June 27, 2001
General Electric Co. and Honeywell International Inc. made an 11th-hour push for their proposed $42 billion merger in talks with European regulatory officials in Brussels, informally offering to sell a minority stake of GE's aviation-financing unit to noncompetitors in exchange for fewer divestitures of Honeywell's avionics businesses, according to people familiar with the situation. In earlier negotiations, the commission had raised the prospect of publicly floating a piece of the financing unit, or even of giving a stake to competitors, ideas at which GE balked."
As I said before, this is about protecting Airbus, ABB and Siemens...
Walt Boyes
---------------------------------------------
Walt Boyes -- MarketingPractice Consultants
[email protected]
21118 SE 278th Place - Maple Valley, WA 98038
253-709-5046 cell 425-432-8262 home office
fax:801-749-7142 ICQ: 59435534
"Strategic marketing, sales and electronic
business consulting for the small and medium-sized
enterprise: http://www.waltboyes.com"
---------------------------------------------
