EU regulators block GE-Honeywell merger

Commentary noting that the GE-Honeywell merger was approved by U.S. regulators with minimal concessions but rejected by European regulators, who demanded major concessions GE's Jack Welch said gutted the deal's rationale.

“Another subject in the news has been the GE-Honeywell merger that wasn’t. U.S. regulators quickly approved the combination, requiring minimum concessions. European regulators, however, rejected the merger, mandating major concessions that GE’s Jack Welch said “cuts the heart out of the strategic rationale.””

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