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Honeywell

(HON) - Get Honeywell International Inc. Report

will retain four businesses previously slated for divestiture because the company is being acquired by

General Electric

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(GE) - Get General Electric Company Report

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The company will retain the friction materials, automotive consumer products group, U.S. security monitoring and pharmaceutical fine chemicals businesses.

In October, GE agreed to acquire Honeywell, a diversified technology and manufacturing company, in a transaction originally valued at about $45 billion.