Davies Ward Reps Honeywell In $142M Matrikon Buy
Matrikon's board of directors has unanimously approved Honeywell's offer to purchase all of its outstanding shares for CA$4.50 cash per share, a 21 percent premium over its 30-day volume weighted average share price.
Matrikon will become part of Honeywell Process Solutions, a unit of Honeywell's Automation and Control Solutions business group.
The deal is expected to strengthen Honeywell's position in...
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