Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

Honeywell merger approved -- with stipulations

While mergers and acquisitions may seem like common business transactions, they are complicated. In particular, publically traded mergers can be extremely complex business transactions. Depending on the specific merger, businesses may be subject to business regulations and government approvals. Despite the particular regulations, mergers can be extremely important business tools that help New Jersey businesses grow.

Recently, the $600 million merger between New Jersey based Honeywell International and Intermec was approved by the Federal Trade Commission's Bureau of Competition. Intermec is a company that makes retail barcode scanners, identification readers for radio frequencies and other similar items. The merger between the two companies had been approved by Intermec's shareholders in March, but could not be completed until the companies had received all the necessary governmental approvals.

In June, the companies received approvals from the necessary regulators in the European Union. Now, U.S. regulators have agreed to the merger, but have stipulated the agreement. The merger can only be completed if the company licenses certain bar code technology to an Italian company -- Datalogic IP TECH -- for the next 12 years. These licenses should give Datalogic the ability to break into the U.S. markets and should give Honeywell enough competition to avoid violating federal rules on monopolies.

Adding licensure requirements to a merger agreement is just one way to ensure compliance with federal regulations. As this case shows, mergers can be difficult and complex and may require legal maneuvering in order to be closed. However, with the right help, they can also provide New Jersey companies with the perfect way to expand their company and consolidate competitors.

Source: Reuters, "U.S. puts conditions on Honeywell's Intermec purchase," Ros Krasny, Sept. 13, 2013

No Comments

Leave a comment
Comment Information

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map
Phone: 201-957-0874
Fax: 201-291-0140
Telephone: 212-768-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2016

GET ANSWERS from a firm
with a sense of business.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Review US
Subscribe to This Blog's Feed FindLaw Network