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Honeywell to repatriate US$7b over two years

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.


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

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