Honeywell to repatriate US$7b over two years
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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 everything from jet engines to thermostats, rose 1.97 per cent or US$3.19 to close at US$164.99 on Friday.
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