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Fitch: Honeywell's Acquisition of Elster an Efficient Use of Cash

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings view of Honeywell International Inc.'s (HON) credit profile is unchanged by the company's planned $5.1 billion acquisition of the Elster division of Melrose Industries plc. Fitch estimates the transaction will have a limited impact on the company's leverage including debt/EBITDA which could increase to approximately 1.5x on a pro forma basis compared to 1.3x at June 30, 2015. Fitch's estimate of leverage does not include the impact of expected cost synerg

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