AlliedSignal-Honeywell Merger Completed; New Honeywell Begins Trading Today.MORRIS TOWNSHIP There are several places named Morris Township in the United States:
Honeywell International Inc. (NYSE NYSE See: New York Stock Exchange : HON) announced today that the merger involving AlliedSignal Inc. and Honeywell Inc. became effective after the close of trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. on December 1. In connection with the merger, AlliedSignal Inc. changed its name to Honeywell International Inc. Its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors on the New York Stock Exchange has been changed from ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. to HON, which until yesterday had been Honeywell Inc.'s ticker symbol. Honeywell International Inc.'s common stock also trades on the London, Chicago and Pacific stock exchanges. Trading in the common stock of Honeywell Inc. has ceased effective today. As of the effective time of the merger, each share of Honeywell Inc. common stock represents the right to receive 1.875 shares of Honeywell International Inc. common stock, with fractional shares paid in cash. Owners of former Honeywell Inc. shares will receive materials shortly regarding the exchange of their Honeywell Inc. shares for new Honeywell International Inc. shares. The closing price on December 1, 1999 of the new Honeywell International Inc. stock on the New York Stock Exchange Composite Transactions was $60-5/8. Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . The company employs approximately 120,000 people in 95 countries. Honeywell is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at: http://www.honeywell.com. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. |
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