Honeywell reported to have bid for UTC valuing combined company at $94bn in sales

Press reports said Honeywell had made a stock-and-cash bid for UTC that would have given UTC shareholders 40% of a combined company with $94bn in sales.

“Reports surfaced on Monday that in recent weeks Honeywell had made a bid in stock and cash for UTC that would have given UTC shareholders 40% of a combined company with $94bn in sales.”

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