FAIRFIELD, CT — The president of General Electric Co., Jeffrey R. Immelt, told reporters that his company’s proposed $45 billion acquisition of Honeywell will probably be blocked by European regulators and is very likely dead. However, he said that GE would wait to get the final determination next month.
Europe’s antitrust regulators believe the merger would give the company considerable market power in the aviation industry, and asked that GE sell off major parts of its aircraft businesses. The company would not agree to the concessions.