Honeywell To Buy Remaining Stake In Genesis Cable Systems

Honeywell is seeking to boost its position in the home-networking market by agreeing to acquire the remaining 70 percent stake of Genesis Cable Systems LLC that it doesn’t already own.

Honeywell acquired a 30 percent stake in Genesis Cable through its Pittway Corp. acquisition in February 2000. Although Honeywell did not manufacture low-voltage wire and cable, its recent acquisition of FutureSmart Systems and growing interest in the home-networking market would make the proposed acqui

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