Honeywell does not see regulatory hurdles for United Tech deal
Feb 23 (Reuters) - Honeywell International Inc confirmed on Tuesday that it had engaged in deal talks with United Technologies Corp over the past year, and said it did not see regulatory process as a "material obstacle" to the deal.
"A combined Honeywell and United Technologies would maintain a strong investment grade rating, and have higher free cash flow," Honeywell said.
United Tech on Monday disclosed merger talks with Honeywell but said a deal would "face insurmountable regulatory obstacles". (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)
© Thomson Reuters 2016 All rights reserved.