You are here

Honeywell to repatriate US$7b over two years

BT_20180129_HONEYWELL29_3284267.jpg
The cash hoard will help fuel Honeywell's M&A strategy under its new CEO who is looking to boost its core operations such as aerospace following the spin-off of its home and transportation businesses later this year.

Bengaluru

US industrial conglomerate Honeywell International Inc said on Friday that it expected to bring back at least US$7 billion of the US$10 billion in cash held overseas in the next two years, taking advantage of the newly enacted tax law.

Shares of Honeywell, which makes

sentifi.com

Market voices on:

Powered by GET.comGetCom