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Honeywell to buy Edmonton-based industrial monitor company in $145-million deal

Thu, 05/13/2010 - 4:30am
The Associated Press

Honeywell International Inc. (NYSE:HON) has a deal to take over Edmonton-based Matrikon Inc. (TSX:MTK) in a $145-million transaction. Honeywell is offering $4.50 cash per Matrikon share. The Canadian maker of industrial monitoring devices brings expertise in the energy and mining sectors.

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