Honeywell Withdraws Offer for United Technologies
Phoenix-based company rebuts UTC's characterization of its offer as 'grossly undervalued'
A Honeywell takeover of United Technologies could have transferred control of UTC's Pratt & Whitney engine business and technology associated with the geared turbofan. Honeywell also makes aircraft engines (albeit in different sectors), as well as avionics and cabin systems, while UTC also has an extensive range of aerospace products, including nacelles and brakes. (Photo: Pratt & Whitney)
A Honeywell takeover of United Technologies could have transferred control of UTC's Pratt & Whitney engine business and technology associated with the geared turbofan. Honeywell also makes aircraft engines (albeit in different sectors), as well as avionics and cabin systems, while UTC also has an extensive range of aerospace products, including nacelles and brakes. (Photo: Pratt & Whitney)