United Technologies, Honeywell weigh $40B stock deal

Article Abstract:

United Technologies is acquiring Honeywell International for approximately $40 billion in stock. The deal will create a giant manufacturer of industrial products that will range from aircraft engines and landing gear to fire alarms and elevators. United Technologies' shares have risen 41% from its Mar 9, 2000, low, giving it strong bargaining power in the transaction. Its proposed purchase of Honeywell comes at a time of weakness for Honeywell whose stock has declined 41% due to its Chmn and CEO Michael Bonsignore's difficulty in integrating the businesses of Honeywell and AlliedSignal which merged in Dec 2000.

Aircraft Engine and Engine Parts Manufacturing, Aircraft Engines & Parts, Honeywell International Inc.

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Banking titans bury hatchet in $35B deal

Article Abstract:

Chase Manhattan Corp announced on Sep 13, 2000 that it is acquiring its former rival J.P. Morgan and Company Inc for $35.2 billion to form J.P. Morgan Chase and Co. The new company will the sixth-largest in the nation and is expected to realize the projected 41.5 billion in cost savings by 2002. Chase Manhattan Chmn and CEO William Harrison Jr. will be the president and CEO of the new company.

Organizational history, Offices of Bank Holding Companies, Bank Holding Companies, J.P. Morgan and Company Inc., J.P. Morgan Chase and Co. (New York, New York)

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Conco, Phillips deal worht $35B

Article Abstract:

Phillips Petroleum Co. merges with Conco Inc. The merger, at a cost of $35 billion, will make the new company, ConcoPhillips the third largest energy company in the U.S.

Oil Products, Petroleum Refineries, Petroleum refining, Petroleum products, Company Profile, P, Phillips Petroleum Co. (Bartlesville, Oklahoma), Conco Inc.

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