Honeywell, 3M, Others In Energy Market Merger Spree
The week kicked off with a spate of mergers and acquisitions, mostly in the energy sector. A Honeywell (HON) unit is buying a 70% stake in privately held natural gas technology and equipment supplier Thomas Russell, for $535 million. Ceradyne (CRDN) shares soared nearly 43% in early trading Monday after 3M (MMM) said it will acquire the advanced ceramics maker for $860 million. Integrys Energy (TEG) is buying Fox Energy, a private company partly
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