HONEYWELL INTERNATIONAL INC acquired AlliedSignal Inc. (1999 combination with Honeywell Inc.), a transaction completed in December 1999, structured as Stock-for-stock merger (Agreement and Plan of Merger dated June 4, 1999); a wholly owned AlliedSignal subsidiary merged into Honeywell Inc., which became an AlliedSignal subsidiary, and AlliedSignal was renamed Honeywell International Inc. (ticker changed ALD to HON on December 2, 1999).
AlliedSignal Inc. (1999 combination with Honeywell Inc.) operates in Corporate (company-wide combination; formed today's Honeywell International Inc.), is based in AlliedSignal: Morristown, New Jersey, USA; Honeywell Inc.: Minneapolis, Minnesota, USA. This transaction was not a conventional Honeywell acquisition but the merger that created the modern company. On December 1, 1999, a wholly owned subsidiary of AlliedSignal Inc. merged with and into Honeywell Inc., making Honeywell Inc. a subsidiary of AlliedSignal; at the effective time AlliedSignal renamed itself Honeywell International Inc. The combined company kept Honeywell Inc.'s well-known brand and adopted the HON ticker, so AlliedSignal was the legal acquirer/surviving entity while the Honeywell name and identity carried forward.
Combined AlliedSignal's aerospace, automotive and performance-materials businesses with Honeywell Inc.'s automation and control franchise to create a larger, diversified technology and manufacturing company with broader scale and complementary lines.
Advisory firms were not disclosed for this transaction.