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Report: United Technologies, Honeywell in merger talks

from McClatchy via Aviation Pros

CNBC is reporting that Honeywell International Inc. and United Technologies Corp. "have recently held talks about a merger" that could establish a $94 billion company. "The discussions occurred within the last two weeks and were focused on a deal in which Honeywell offered a premium, largely in stock with some cash, for the smaller United Technologies," CNBC's David reported. He noted that the most recent talks were initiated by Honeywell, but that the two companies have discussed merging at various times over the last year. more

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