EU blocks GE/Honeywell deal

Author (Corporate)
Series Title
Series Details 3.7.01
Publication Date 03/07/2001
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The European Commission has blocked the #036;45bn deal between US firms General Electric (GE) and Honeywell.

Although US competition authorities had given their of approval to the deal, the Commission was worried that the integration of Honeywell's avionics and GE's strength in jet engines could lead to dominance of the market.

Source Link http://news.bbc.co.uk/hi/english/business/newsid_1420000/1420398.stm
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