When Jack Met Mario

There's no reason to turn the GE-Honeywell case into a trade war

When a company with headquarters in Fairfield, Conn., trumps an offer from a firm upstate in Hartford for a business based in Morristown, N.J., you would think all concerned could sort out their differences over a chowder dinner in New Haven. Wrong! They fly to Brussels instead and let an Italian professor of economics settle their hash.

Weird, huh? Not in the age of globalization--for that, in effect, is what the General Electric Co., United Technologies Corp. and Honeywell International Inc. have just done. Last year GE outbid UTC for Honeywell; American antitrust authorities approved the merger. But--though the game isn't...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!