Minneapolis based Honeywell today announced it will be acquired by New Jersey based Allied Signal. The new company's corporate headquarters will be in Morristown, New Jersey, but it will keep the Honeywell name. Investors cheered the 15 billion dollar deal, sending share prices for both companies soaring. But elected officials and community activists in Minneapolis said the loss of the headquarters was a blow to the city and the inner-city neighborhood where Honeywell has its headquarters.
Views and opinions expressed in the content do not represent the opinions of APMG. APMG is not responsible for objectionable content and language represented on the site. Please use the “Contact Us” button if you’d like to report a piece of content. Thank you.
Transcriptions provided are machine generated, and while APMG makes the best effort for accuracy, mistakes will happen. Please excuse these errors and use the “Contact Us” button if you’d like to report an error. Thank you.