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UTC admits to preliminary merger talks with Honeywell

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Relationship map for UTC admits to preliminary merger talks with Honeywellparent ofHoneywell: PlatformHOHoneywellUnited Technologies Corp (UTC): Operating CompanyUTUnited Technologies C…
Operating CompanyPlatform

Parties

Acquirer
Honeywell
Platform
Target
United Technologies Corp (UTC)
Operating Company

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Summary

UTC, parent of air conditioning maker Carrier, confirmed it had held preliminary exploratory talks with Honeywell about potential collaboration but did not pursue them due to regulatory, customer and valuation concerns. Reports said Honeywell had bid for UTC in a deal valuing the combined company at $94bn in sales.

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