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AlliedSignal, Honeywell Must Sell Avionics Businesses Before Merger

AlliedSignal Inc. of Morristown, N.J., and Honeywell Inc. of Minneapolis must divest themselves of elements of their avionics businesses to win approval for their $16 billion merger, according to terms of a settlement with the US Department of Justice's antitrust division. The department had argued...Read full article

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