EU defends stance on GE Honeywell merger
EU antitrust chief Mario Monti said the GE Honeywell deal raises concerns on both sides of the Atlantic and stressed the dispute is not trans-Atlantic. He noted U.S. firms and customers voiced worries at the EU hearing while warning the July 12 decision deadline looms.
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Honeywell stands by GE merger amid EU concerns
Honeywell International reaffirmed commitment to its $41 billion merger bid with General Electric. The board met at Morris Township to review contingency plans while EU regulators scrutinize competition risks. Analysts worry the deal faces protracted approval and possible counteroffers. Honeywell stock rose on the NYSE as the process continues.
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