Honeywell and United Technologies reportedly in tie-up talks
US aerospace outfits Honeywell and United Technologies had recently held talks regarding a possible merger that might lead to the creation of an international giant with combined sales of $94bn, according to people familiar with the situation, CNBC reported.
Dow Jones I.A.
42,352.75
04:30 15/10/20
n/a
n/a
Honeywell International Inc.
$0.00
15:25 25/01/23
0.00%
$0.00
United Technologies Corp.
$124.91
10:59 04/10/24
1.00%
$1.24
The talks transpired during the last two weeks and focused on Honeywell stumping up a premium, mostly in its own shares, for its smaller rival.
As of 19:14GMT shares In Honeywell were slipping 0.60% to $106.71 in NYSE trading while those of United Technologies were pacing gains on the Dow Jones Industrials with a rise of 6.09% to $93.61.