European Commission blocks GE acquisition of Honeywell

The European Commission unanimously voted to block General Electric's acquisition of Honeywell International, the first time a merger of two U.S. companies already approved by U.S. regulators was stopped by European regulators, citing dominant-position and competition concerns.

“The European Commission, meeting in Strasbourg, France, unanimously voted to block General Electric Co.’s acquisition of Honeywell International Inc. This marks the first time a merger between two U.S. companies, already approved by American regulators, has been stopped by European regulators.”

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