John Wolz

Honeywell International Inc. shareholders approved the company�s $45 billion acquisition by General Electric Co. at a special shareholders meeting.
Honeywell is the parent company of fastener distributors TriStar Aerospace and Banner Aerospace.
In a press release Wednesday Honeywell said about 74% of its outstanding shares were voted in favor of the GE Merger. The transaction is expected to close in the first quarter.
When it offered the December earnings guidance, GE said it expected to record a pretax charge of about $4 billion for costs related to the Honeywell merger and projected the deal would increase ongoing earnings by at least 10 cents a share during the first full year of combined operations.
Honeywell, which was thought to be close to a deal with United Technologies Corp. (UTX) when the GE deal materialized, said joining its business with GE was �the best way to unlock the potential of Honeywell�s valuable products and services� and deliver consistent superior returns to its shareholders. \