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Ultralife Corp. Message Board

  • o08o.ugh64w o08o.ugh64w Mar 6, 2014 7:51 AM Flag

    Honeywell to deploy $10 billion for M&A over 5 years

    This is a done deal - just a waiting game from here.

    Many, many synergies - very obvious to those who understand.

    ULBI will become a division of HON.

    ====

    Honeywell International Chairman and CEO David Cote reaffirmed the company's first quarter and full-year 2014 outlook—in a CNBC interview Wednesday, ahead of the company's investor conference.

    "We're still up about 10 percent in earnings; about 3 percent or 4 percent in sales. So [we're] getting a very good leverage," Cote said on "Squawk Box."

    He also said the diversified aerospace and technology is targeting double-digit earnings growth over the next five years, while hoping to deploy more than $10 billion in that time frame.

    The money would be used for acquisitions, Honeywell said in a statement.

    (Read more: Honeywell targets over $50B sales by 2018, M&A ramp-up)

 
ULBI
4.17-0.11(-2.46%)Jul 31 1:21 PMEDT