On December 10, 2012, Intermec, Inc. announced that it has entered into a definitive merger agreement under which Honeywell International Inc. will acquire the Company for $10.00 per share in an all-cash transaction valued at about $600 million, net of debt and cash acquired. In addition, the Company announced that it has retained BofA Merrill Lynch as exclusive financial advisor and Perkins Coie LLP as legal counsel.