Welch squelched
The largest industrial merger ever announced is all but dead
ADMITTING he was not too old to be surprised, Jack Welch, veteran chairman of General Electric and mastermind of its intended merger with Honeywell, stomped away from Brussels on June 14th, saying that the European Commission's conditions for allowing the deal were so tough that they would fatally undermine it. But should he have been surprised? There were plenty of signs in recent weeks that the $42 billion deal was in trouble.
This article appeared in the Business section of the print edition under the headline “Welch squelched”
From the June 23rd 2001 edition
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