The General Electric Co. and Honeywell announced Oct. 22 that GE has agreed to acquire Honeywell in a tax-free merger valued at $45 billion, plus assumed debt. As part of this agreement, Honeywell shareowners will receive 1.055 shares of GE stock in exchange for one share of Honeywell.
GE beat out United Technologies for Honeywell by offering 10% more than Carrier Corp.'s parent.