Maybe it's the Christmas spirit. This week, two hostile parties -- Oracle
Novar had been the target of a hostile bid from Melrose PLC. But yesterday Honeywell
Novar consists of a variety of segments. However, it looks like the main attraction for Honeywell is its security, fire, and building controls products and services. In fact, Honeywell is likely to sell off the other divisions, such as Indalex Aluminum Solutions and Security Printing Services. The deal is highly complimentary and is expected to produce $100 million in annual synergies -- whether in cross-selling or cost-cutting.
No doubt, it appears that M&A is back in vogue, as seen in the aggressiveness of GE's
For related articles, click:
If more Foolish discussion is what you're after, check out our Honeywell discussion board.
Fool contributor Tom Taulli does not own shares mentioned in this article.