United Technologies announced today it had terminated merger negotiations with Honeywell after Honeywell told UTC it was considering another offer. Both companies announced yesterday they were in merger talks following press reports that revealed some details of the talks. While Honeywell said in a statement that it "would not comment further at this time," United Technologies said in a statement of its own that Honeywell was "considering an alternative merger proposal received this morning." Had the merger gone through, the...
