December 10, 2012 at 14:12 PM EST
Honeywell's $600 Mil Intermec Buy May Cut '13 Results
Honeywell International (HON) forecast 2013 earnings below Wall Street expectations, saying it expects the global economy to slow next year. The diversified manufacturer, which provides engines, electronic systems and other products mainly to the automotive and aerospace industries, also said it's signed an agreement to buy identification systems provider Intermec (IN). Intermec shares soared 23% to 9.81 in Monday afternoon trading. Honeywell
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