Honeywell says regulators wouldn't prevent United Tech deal

NEW YORK (AP) — Industrial conglomerate Honeywell is touting the benefits of a possible combination with United Technologies and says regulators wouldn't be a big obstacle to the deal. Honeywell International Inc. says consumers would benefit if it combined with United Technologies Corp. because...

NEW YORK (AP) — Industrial conglomerate Honeywell is touting the benefits of a possible combination with United Technologies and says regulators wouldn't be a big obstacle to the deal.

Honeywell International Inc. says consumers would benefit if it combined with United Technologies Corp. because the combined company would have a broader range of technologies. It also thinks the companies could cut $3.5 billion in costs after a merger and that they would be in a stronger financial position than their competitors.

United Technologies said Monday that the two sides have talked, but it decided a deal was not feasible because regulators would not let two of the largest aerospace and commercial building companies combine.

United Technologies stock jumped almost 5 percent Monday on reports the companies had discussed a merger.

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