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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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.31 | 1.72% | 196.04 | 195.50 | 197.10 | 197.18 | 191.97 | 192.35 | 5,084,844 | 01:00:00 |
Honeywell International Inc. (HON) agreed to buy Dover Corp.'s (DOV) Datamax-O'Neil for $185 million, a deal aimed at strengthening Honeywell's position in barcode printing.
The deal, expected to close in the first quarter, builds on Honeywell's existing scanning and rugged mobile thermal printing products. Last year, Honeywell bought Intermec, a deal that roughly doubled its revenue in the scanning and mobility segment.
Based in Orlando, Fla., Datamax-O'Neil makes stationary and portable label and receipt printers.
It will become part of Honeywell Scanning & Mobility, based in Fort Mill, S.C.
Honeywell's businesses include aviation components, chemicals, and automation and control systems.
Honeywell shares, which set a 52-week high Thursday at $100.37, were up 2.7% at $100.32 in recent trading.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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