Honeywell Buys Intermec, Sequential Brands Buys Heelys: Merger and Acquisitions Report
In a Monday release, Honeywell International (NYSE:HON) said today that it is purchasing Intermec (NYSE:IN), a top supplier of mobile computing, label and receipt printers, in a $10 per share cash transaction with a total purchase price of about $600 million, subtracting cash and debt acquired.
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Heelys (NASDAQ:HLYS) and Sequential Brands Group (SQBG.OB) reported in a Monday statement that they are merging as of December 7th, after which Sequential will purchase all outstanding shares of Heelys common stock at $2.25 per share in cash or a total of around $63.2 million.
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