Goldman Teams With Former Honeywell CEO in $690 Million M&A Push

Goldman Sachs Group Inc. is teaming up with former Honeywell International Inc. Chief Executive Officer Dave Cote to raise as much as $690 million to buy industrial companies.

GS Acquisition Holdings Corp. has registered to sell as many as 69 million units at a maximum offering price of $10, according to a filing with the Securities and Exchange Commission. The investment vehicle is described as a “blank check company” for making mergers and acquisitions. Cote will be the CEO, president and chairman.