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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Honeywell International Inc | NASDAQ:HON | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.79 | -0.91% | 194.02 | 192.76 | 195.42 | 197.20 | 193.95 | 196.60 | 2,257,723 | 01:00:00 |
By Tess Stynes
Honeywell International Inc. (HON) plans to offer $1 billion of debt as the industrial conglomerate raises funds for general corporate purposes.
The company is offering $300 million of 10-year, 3.35% senior notes and $700 million of floating rate, senior notes that mature in 2015.
As the soft economy slows revenue growth, Honeywell--a maker of aerospace, building control and safety products--has focused on boosting its margins to improve profits.
Shares closed Monday at $88.68 and weren't actively trading after hours. The stock is up 40% this year.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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