KQED Nightly Business Report February 23, 2016
Rally. We begin with a potential blockbuster merger. Hon honeywell, dow components held talk about getting together. A combination that would create a bohemoth. It sent shares higher and shares of honeywell lower. Reporter United Technologies and honeywell have had discussions about a deal in the last couple of weeks. The discussions initiated by honeywell which have offered a large cash deal. Not the first time the two companies have spoken. Last year United Technologies approached honeywell about a merger of equals. Didnt happen because of concerns of social issues and because utx stock pric...