Honeywell’s Sale of Honeywell Technology Solutions to KBR

On August 12, 2016, Honeywell announced that it has reached a definitive agreement to sell Honeywell Technology Solutions Inc., a leading global provider of professional space, security, logistics and manpower services in the government services market, to KBR, Inc. for approximately $300 million. Cravath is representing Honeywell in connection with the transaction.

The Cravath team is led by partner Ting S. Chen and includes associates Katerina M. Novak, Christopher P. Davis and Stephanie L. Rowan on M&A matters; partners Stephen L. Gordon and Lauren Angelilli, senior attorney Andrew Carlon and associate Antje Hagena on tax matters; partner Eric W. Hilfers and associates Matthew J. Bobby and Daniel P. Herrmann on executive compensation and benefits matters; senior attorney Annmarie M. Terraciano on environmental matters; practice area attorney Anthony N. Magistrale on intellectual property matters; and associates Margaret Segall D’Amico and Margot A. Miller on antitrust matters. Summer associate Evan D. Shepherd also worked on M&A matters.