Introduction General Electric Company (GE) proposed a bid for Honeywell International Inc (Honeywell) . GE is one of the largest and most diversified corporations‚ which generate revenues in segments as diverse as aircraft engines‚ plastics‚ and financial services. Honeywell is a diversified technology and manufacturing corporation leading in certain aerospace markets. It specializes in segments that include aerospace products and services‚ power generation systems and specialty chemicals. Honeywell’s
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General Electric ’s Proposed Acquisition of Honeywell Synopsis and Objective: October 19‚ 2000 Honeywell’s stock was up $10 due to recent merger discussions between Honeywell and United Technologies Corporation (UTC). For every share of honeywell‚ UTC would pay 0.74 of its own stock. In other words‚ the merge would lead to a dominant supplier company in the aerospace market‚ and a strong competitor for GE. This led John F. “Jack” Welch Jr.‚ GE’s chair and CEO‚ to call Michael Bonsignore‚ chair
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GE / Honeywell’s Failed Merger GE‚ while only encompassing a limited stake in the aerospace industry‚ nevertheless faced challenges in its merger with Honeywell due to its market share in the Large Regional and Large Commercial aircraft segments. Additionally‚ the “portfolio effect” of the merger and GE’s potential to reach “end to end” monopolization of the value chain through the bundling of its financing arm (GE Capital)‚ its leasing subsidiary (GECAS)‚ and Honeywell’s avionics manufacturing
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1. Jessica Gallinelli should hold position in Honeywell and take short position in General Electric Company (GE) simultaneously The main consideration in her decision is when she heard disturbing news about the proposed bid by General Electric Company (GE) for Honeywell International Inc. This merge is obviously an arbitrage opportunity. Generally and predictably‚ there will be different positions for the stock price tendency. For the target company‚ the stock price normally will increase whereas
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Proposed Acquisition from the Whistle Coffee Bar Discussion The business development director of the Whistle Coffee Bar (WCB) for the UK‚ Matt Jenkins has approached Zubinos Coffee Shop (Zubinos) at the end of February 2006 with a proposal to acquire Zubinos. The bid is identified as a threat to the current management team‚ and Luis Zubino is adamant that he does not want to sell his shares to WCB. Luis Zubino owns 30% holding of Zubinos shares. Together with his wife Vivien’s shares‚ their
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Introduction Honeywell is a Multibillion dollar company‚ operating in 95 countries and is a pioneer in the field of control system and industrial appliances. With revenue over $7.3 Billion and income above $400 Million (December 1996)‚ the company was exposed to several types of risk as it operated in a global territory. Previously‚ the company had a much compartmentalised approach to risk management‚ with individual departments managing individual risks pertaining to them. For instance‚ currency
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1.Executive Summary The case study has been approached from different valuation methods to ascertain if there is value in the acquisition of Southern Comfort. These methods all yield the same result‚ i.e. Southern Comfort is expensive at the asking price of $94.6million. The valuation methods also examined the reasonableness of the acquisition using methods such as Free Cashflow Analysis‚ Book Value methods and Price Earnings ratios analysis The qualitative aspects have also been analysed to
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Acquisition consultant DATE: July 15‚ 2008 RE: HAIER/GE Acquisition It is ironic and coincidental this memo comes on the heals of the massive Anheuser-Busch/InBev acquisition. The leak of our interest in GE Appliance by Wall Street Journal blog “Deal Journal” has not sullied our position or interest. It is strongly recommended Haier begin to line up financing for an asset purchase of GE Appliance. Louisville‚ KY-based GE Appliance is an attractive acquisition target
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months of summer training had been nothing short of a journey- a journey of great learning experiences. I got my first glimpse of corporate culture and also how the Human Resources department fulfils its role in an organization. My internship at Honeywell Automation India Ltd. has been possible because of many people‚ who throughout my project have been constant sources of encouragement‚ support and guidance. First of all‚ I would like to express my earnest gratitude and sincere thanks towards
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Honeywell Background Honeywell Company (NYSE: HON)‚ with 2012 sales of $37.6 billion and 132‚000 employees worldwide‚ is a Fortune 100 company that invents and manufactures technologies to address some of the world’s toughest challenges linked to global macro trends such as energy efficiency‚ clean energy generation‚ safety and security‚ globalization and customer productivity. Honeywell’s ability to continually improve comes from successfully achieving two seemingly competing tasks at once
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