Honeywell Aerospace said yesterday that it has reached agreement to sell its Consumables Solutions business that distributes fasteners and aerospace hardware to B/E Aerospace for $1.05 billion pending regulatory approval. The transaction, which is expected to close in the third quarter, includes at least $800 million in cash and the rest in shares of B/E common stock. "While Consumables Solutions is a growing business, it no longer fits with Honeywell Aerospace's strategic focus on more ...

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