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US: Aerospace giants Honeywell and United Technologies in merger talks

 |  February 22, 2016

Aerospace component suppliers Honeywell International and United Technologies have held talks about a possible merger, but United Tech was convinced U.S. antitrust authorities would reject the deal, sources familiar with the talks said on Monday.

Earlier, CNBC reported a deal would create a company with combined sales of more than $90 billion, merging a maker of jet engines with a supplier of airplane cockpits. The CNBC report noted a deal could be opposed by plane makers such as Airbus.

Exploratory talks have been occurring on-and-off for roughly a year, according to one of the people, but the two rivals have been unable to agree on key aspects of any proposal, including how viable a combination would be and who would run the merged entity. United Technologies believes there is little to no chance that a deal would be approved by antitrust regulators, according to this person.

Full Content: The Wall Street Journal

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