HON Honeywell International Incorporated

RNS Number:0785H
Honeywell International Inc (IRS)
17 July 2001


 
 Contact:    Tom Crane
 (973) 455-4732


                   Honeywell And GE Waive Certain Operating 
                       Restrictions Of Merger Agreement


MORRIS TOWNSHIP, New Jersey, July 17, 2001 - Honeywell (NYSE: HON) and General
Electric Company (NYSE: GE) each today granted its consent under the existing
merger agreement to enable both companies to engage in certain activities prior
to any termination of the agreement without violating the agreement's terms.

The consent covers employment-related issues; acquisitions or dispositions of
assets or businesses; and the issuance or acquisition of securities. The consent
otherwise preserves the parties' rights under the merger agreement. Honeywell
will file a copy of the consent with the SEC.

Honeywell is a US$25-billion diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive products; power
generation systems; specialty chemicals; fibers; plastics; and electronic and
advanced materials. Honeywell employs approximately 120,000 people in 95
countries and is traded on the New York Stock Exchange under the symbol HON, as
well as on the London, Chicago and Pacific stock exchanges. It is one of the 30
stocks that make up the Dow Jones Industrial Average and is also a component of
the Standard & Poor's 500 Index. Additional information on the company is
available on the Internet at www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of
the Securities Exchange Act of 1934, including statements about future business
operations, financial performance and market conditions. Such forward-looking
statements involve risks and uncertainties inherent in business forecasts as
further described in our filings under the Securities Exchange Act.

Honeywell (LSE:HON)
Historical Stock Chart
From Jul 2024 to Aug 2024

Honeywell (LSE:HON)
Historical Stock Chart
From Aug 2023 to Aug 2024