NEW YORK, NY — General Electric Co. (GE) has agreed to acquire Honeywell Inter-national Inc. for $42 billion in stock, it was announced Oct. 23. The announcement capped a whirlwind weekend of talks, which ended quite differently than they began.
Going into the weekend of Oct. 20, it appeared that United Technologies Corp. (UTC) was the lone company seeking to acquire Honeywell. Media reports and Honeywell’s website stated that the two companies were “in discussions regarding a possible business combination.”