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BtoB

European Commission enters second phase of Honeywell-AlliedSignal review

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Brussels, Belgium--The European Commission is entering the second review phase of the proposed merger between AlliedSignal, Morris Township, N.J., and Honeywell, Minneapolis. This stage of the commission's review is akin to the Hart-Scott-Rodino Act Request for Additional Information from the U.S. Department of Justice. The commission's review has thus far focused on the corporations' aerospace businesses. In a statement, both companies expressed the hope that the commission passes the merger by fall.
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