Honey­well: Reg­u­la­tors wouldn’t pre­vent deal

China Daily (Canada) - - BUSINESS -

In­dus­trial con­glom­er­ate Honey­well In­ter­na­tional Inc is tout­ing the ben­e­fits of a pos­si­ble com­bi­na­tion with United Tech­nolo­gies Corp and said reg­u­la­tors wouldn’t be a big ob­sta­cle to the deal. Honey­well said con­sumers would ben­e­fit if it com­bined with United Tech­nolo­gies be­cause the com­bined com­pany would have a broader range of prod­ucts. It also said 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. The two sides have dis­cussed a deal over the past year.

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