Update 4: Honeywell Offers $1.7 Billion for Novar
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Honeywell International Inc., the aerospace and high-tech manufacturer, is offering about 900 million pounds ($1.7 billion) to buy British industrial holding company Novar PLC and Novar&#39;s board is backing the offer, the two companies said Monday.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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Honeywell International Inc.  expects earnings to rise 13 percent to 17 percent in 2007, but high commodity and energy costs will keep margins under pressure, the diversified manufacturer said on Thursday.
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Great Plains Energy has agreed to buy the crosstown utility operator Aquila for about $1.7 billion.
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Nova Chemicals Corp. said Monday that it is selling its stake in an Alberta ethane pipeline to Canada&#39;s Fort Chicago Energy Partners LP for cash proceeds of about $78 million.
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Novar, the UK building supplies group, is today expected to announce that it has agreed to be acquired by the US industrial giant Honeywell in a cash deal worth more than Â£800m.
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Storage vendor Network Appliance said Thursday it plans to buy Onaro, a Boston company that develops storage management software.Onaro&#39;s main product family is&#160;SANScreen. The suite&#39;s components include an engine that models the relationships between components in a distributed system; a repository that monitors the storage services that applications need; and a change repository for tracking device and service changes, according to a company white paper. The point is to help administrators improve performance and resolve problems within their storage area networks.Onaro&#39;s technology is deployed in 32 percent of the Fortune 50 companies, according to a statement. NetApp said Onaro&#39;s products are complementary to its existing offerings, which include its V-Series virtualization systems; ReplicatorX data recovery and replication software; and its Decru DataFort storage encryption appliances.NetApp said the deal will close in the first quarter of this year. Financial terms were not disclosed. Shares of NetApp stock were trading at roughly $25 Thursday morning, a rise of approximately $0.25.
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Buyout firm Fortress Investment Group on Monday raised its offer for Stelmar Shipping Ltd. (SJH.N: Quote, Profile, Research) by about 4 percent to $703 million, but Stelmar&#39;s
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Swiss pharmaceuticals group Novartis  has concluded a $500 million, 7-year global infrastructure contract with British telecoms group BT , a Novartis spokesman said on Sunday.
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Health insurer Cigna Corp.   has agreed to a seven-year deal worth roughly $100 million a  year for the computer services arm of IBM  to build and  run its key business systems, IBM said on Wednesday.
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Diversified manufacturer Honeywell International Inc  said on Thursday that it expected to report 2008 profit of $3.65 to $3.80 per share, up 16 percent to 21 percent from forecast 2007 earnings, on favorable macro trends and productivity improvements.
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Honeywell International Inc. (HON.N: Quote, Profile, Research) on Thursday said it has agreed to sell its high-tenacity polyester fiber business to private equity firm Sun Capital Partners by the end of 2004.
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Honeywell International Inc. will pay $2.15 million to settle an age discrimination lawsuit by workers who were terminated or demoted in 1997 at AlliedSignal, which Honeywell
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Honeywell International Inc. of the United States is offering 1.2 billion pounds (US$2.4 billion; euro1.7 billion) to buy Novar PLC, the two companies said Monday.
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Bombardier Recreational Products has signed a seven-year deal with Dell.
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Diversified U.S. manufacturer Honeywell has agreed to buy Novar Plc, a British industrial holding company, for 798 million pounds (&#36;1.53 billion), a source familiar with the situation said on Sunday.
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Ciber Inc., a US technology consulting company, said on Monday it agreed to buy a 67 percent stake in Novasoft AG from the German consultant&#39;s founders, entering the German marketplace for the first time.