Seeking Alpha

FTC adds conditions to Honeywell's purchase of Intermec

  • The FTC clears Honeywell's (HON +0.2%) proposed purchase of mobile computing device maker Intermec (IN +1.2%) but requires that HON license key patents critical in making two-dimensional scanners.
  • Requiring HON to license its technology gives Datalogic (DLGI.PK) access to the patents it needs to enter the U.S. market and restores competition lost due to the merger, the FTC says.
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