US: Airbus opposes any attempt to revive Honeywell-UTC deal

With the prospect of two of the aviation industry’s biggest conglomerates merging, Honeywell International Inc. and United Technologies Inc., a prominent firm that would be directly affected by the merger has stated its disapproval, reports Reuters.

In an announcement on Wednesday, Airbus CEO Tom Enders stated that his company does not see the merging of Honeywell and United Tech to be in Airbus’ best interests. Currently, Enders’ firm is among the two companies’ biggest clients.

Though it has been confirmed that Honeywell and United Tech have engaged in talks about a possible merger, UTC has voiced its reservations about the possible merger on Monday, citing difficulties in getting the move approved.

Gregory Hayes, the United Technologies chief executive, even stated that the deal “ain’t going to happen,” and that “there is just no way to get it done.”

Honeywell and United Tech have engaged in talks about possible mergers in the past, though its previous attempts have failed thus far. The latest talks, where Honeywell allegedly offered UTC about $90 billion for the merger, was ultimately shot down by the UTC CEO.

For its part, Honeywell has stated that the company still believes that a merger is still a possibility. In a statement on Tuesday, the company asserted its stance about the United Tech deal.

Full content: The Financial Times

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