Conglomerate industry news provided by Financial News USA (OTC: FNWU) Honeywell (NYSE: HON) today declared its Offer to acquire the entire issued share capital of First Technology plc wholly unconditional and assumed control of First Technology. First Technology operates globally in three main businesses: Gas Sensing (sensors and instrumentation), Automotive & Special Products, and Safety & Analysis. Honeywell will begin to integrate the Gas Sensing business into Honeywell's Automation and Control Solutions (ACS) business immediately. The transaction will enable ACS to expand its gas detection product and service offerings, extend its reach through First Technology's distribution network and strong customer relationships, and enhance its manufacturing, marketing and service expertise and efficiencies. Reconfirming its commitment to help bring electricity to thousands of people in rural India, GE (NYSE: GE) officially launched its Rural Electrification program for India with a ceremony held yesterday in New Delhi.
GenCorp Inc. (NYSE: GY) today announced that, as part of its ongoing commitment to good corporate governance, GenCorp's board of directors has unanimously determined to allow the Company's shareholder rights plan to expire without renewal on February 18, 2007. Furthermore, the board has determined that should the conditions of the rights plan be triggered prior to the scheduled expiration of the rights plan, the Company will either redeem the rights or amend the rights plan to make it inapplicable to such event. Information Architects, announces thru its agreement with Global Triad (OTC: GBTD) and its subsidiary Global TV, per its contract with the American Basket Ball Association (ABA), will be streaming live the playoffs of the ABA. The games will be in the Blue Cross Center, Rochester, NY, March 22, through March 26, 2006. This live streaming broadcast will be on a pay-per-view basis and presented on Global TV's "IPTV Sports Network" www.iptvsn.com.
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