Honeywell (HON) purchases a 70% stake in Thomas Russell Co., a privately-held provider of...

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Honeywell (HON) purchases a 70% stake in Thomas Russell Co., a privately-held provider of technology and equipment for natural gas processing and treating, for $525M. HON does not expect the closing of the deal to impact its EPS guidance range for 2012 and believes the acquisition to be accretive to 2013 earnings.