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After Dropping United Technologies Bid, Honeywell Has Considerable Downside

2016-03-06 17:22:11| Paper - Topix.net

Honeywell abruptly ends pursuit of United Technologies following inadequate offer of $108 per share and UTX Board's unwillingness to negotiate. Honeywell is 2 years into a 5 year strategic plan and is at risk of falling well short of its goals; Without a transformational merger, shareholders may face considerable downside.

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