Deals
Honeywell Says Divestiture Ends Sales of ‘Big Stuff’
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Honeywell International Inc. agreed to sell its car-care division for $950 million, marking the end of major asset sales, and raised its full-year profit forecast.
“By and large, the big stuff is done,” Chief Executive Officer Dave Cote said today on a conference call after the company announced fourth-quarter and 2010 earnings as well as the unit sale to Rank Group Ltd.