HQ - what's up with shifting headquarters

Programs & Series | MPR News Feature | Types | Reports |
June 8, 1999
Mark Zdechlik - Reporter
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Minnesota has come out on the downside in the latest merger deal. Honeywell's corporate headquarters are moving to the east coast as part of its acquisition by Morristown New Jersey-based Allied Signal. Over the past couple of years the whole COUNTRY has experienced an unprecedented wave of takeovers in many different industries. While Minnesota has long prided itself on the number of Fortune 500 companies based here, MANY are not big enough to stand alone in a marketplace which increasingly values size above all else. As a result, the Twin Cities has LOST some companies -- but it has also won some.

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