UPDATE 1-Honeywell to buy Melrose's Elster business for $5.1 bln
July 28, 2015 at 03:18 AM EDT
July 28 (Reuters) - Honeywell International Inc said it would buy the utility consumption meter business of Britain's Melrose Industries Plc for 3.3 billion pounds ($5.14 billion) to boost its presence in high-growth regions.