MORRIS TOWN, NJ — AlliedSignal Inc. announced an agreement to acquire Honeywell Inc. in a $13.8-billion stock transaction that would create an industrial giant with interests in aerospace parts, electronics, chemicals and other markets.
AlliedSignal’s product mix includes specialty chemicals, while Honeywell’s product lines include electronic controls for industrial processes. The acquisition is expected to receive considerable scrutiny by trade regulators in the United States and Europe, analysts said.
