Honeywell, AspenTech Fight Over Purchase Deal

Law360, New York (May 11, 2007, 12:00 AM EDT) -- Honeywell International Inc. has filed a complaint against Aspen Technology Inc., claiming the software manufacturer has failed to comply with a consent agreement signed with the Federal Trade Commission relating to AspenTech’s acquisition of Hyprotech Ltd., AspenTech said in a regulatory filing Thursday.

AspenTech, which develops and sells computer software to oil refineries, signed a purchase agreement with Honeywell after the U.S. Federal Trade Commission declared its Hyprotech deal anti-competitive, and required AspenTech to divest parts of its business. The complaint, filed in the New York...
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