Honeywell to buy pump maker Sundyne for $2.16 billion

Honeywell International said on Tuesday it will buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash. The industrial and aerospace giant has been on a deal-making spree under CEO Vimal Kapur, shedding assets that are not focused on the aviation, automation and energy sectors. Last month, Honeywell announced its plans to split into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the company.