Honeywell Offer for United Tech Worth More Than $90 Billion
Honeywell is revealing details of its proposed buyout of United Technologies.
United Technologies has already rejected any deal to combine the two industrial conglomerates, saying it would face tough regulatory obstacles due to antitrust issues. Honeywell dismissed those concerns this week.
Honeywell International Inc. said Friday that it offered to pay $108 in a mix of cash and stock for each share of United Technologies last week. It’s the first time Honeywell publicly confirmed what it offered to pay for United Technologies Corp. Honeywell said it released the numbers Friday because it received a “number of inquiries from investors.”
At $108 per share, the deal would be valued at more than $90 billion.
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