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Europe Daily Bulletin No. 7985

17 June 2001
Contents Publication in full By article 18 / 48
GENERAL NEWS / (eu) eu/competition
GE and Honeywell consider European demands "exorbitant" and are pessimistic as to seeing their plan succeed

Brussels, 15/06/2001 (Agence Europe) - As expected, GE and Honeywell have handed in a final offer to Commissioner Mario Monti containing the last concessions they are prepared to offer to succeed in the merger plan (see yesterday's EUROPE, p.9). They are, however, pessimistic as to the chances of seeing the European authorities accept them, recognizing that " these proposals fall short of the demands of the European Commission". The latter's latest demands are said to have concerned the sale...

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