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Tuesday, 01/30/2018 9:40:34 PM

Tuesday, January 30, 2018 9:40:34 PM

Post# of 81999
More M&A activity coming soon? Bet it'll be seen across AM industry here

Honeywell said the cash will be used to bolster the company’s core operations:

U.S. industrial conglomerate Honeywell International Inc (HON.N) said on Friday that it expected to bring back at least $7 billion of the $10 billion in cash held overseas in the next two years, taking advantage of the newly enacted tax law.

The cash hoard will help fuel Honeywell’s M&A strategy under new Chief Executive Darius Adamczyk, who is looking to bolster its core operations such as aerospace following the spin off its home and transportation businesses later this year.



http://www.shopfloor.org/2018/01/manufacturer-honeywell-international-announces-plans-repatriate-7-billion-back-u-s-due-tax-reform/
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