United Technologies Says It Held Prelim. Talks With Honeywell
Source: BFW (Bloomberg First Word)
Tickers
HON US (Honeywell International Inc)
UTX US (United Technologies Corp)
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UUID: 7947283
(Bloomberg) -- United Technologies says it held exploratory talks with Honeywell about a range of potential “collaborative options” but didn’t pursue further due to “insurmountable” regulatory obstacles, customer concerns and valuation issues.
Alert: HALISTER- Says deal could either be blocked outright or conditioned on significant divestitures after a “lengthy and disruptive” review period that would erode shareholder value
- UTX board and mgmt believe co. will continue to generate significant cash flow through economic cycles; well positioned to create L-T holder value
- NOTE: Earlier, United Tech, Honeywell Said to Have Held Merger Talks, CNBC Says
- HON Potential UTX Buy Would Be ‘Stymied’ by Regulators: RBC
Source: BFW (Bloomberg First Word)
Tickers
HON US (Honeywell International Inc)
UTX US (United Technologies Corp)
To de-activate this alert, click here
UUID: 7947283