Honeywell

(HON) - Get Report

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

General Electric

(GE) - Get Report

.

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.