Mergers and Acquisitions

Markets

Honeywell scraps offer to buy United Tech

Honeywell International Inc, a maker of aircraft parts and climate control systems, said it was scrapping its offer to buy United Technologies Corp due to the company's unwillingness to engage in negotiations.

Markets

Honeywell Scraps Offer to Buy United Tech

Honeywell International, a maker of aircraft parts and climate control systems, said it was scrapping its offer to buy United Technologies due to the company's unwillingness to engage in negotiations.

Markets

United Tech Rejects Honeywell's $90.7B Offer

U.S. industrial conglomerate United Technologies Corp on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be "irresponsible" toward its shareholders.