United Technologies Confirmed Previous Merger Talks With Honeywell

After an earlier report by CNBC regarding merger discussions between United Technologies and Honeywell, United Technologies released a statement confirming that it has previously engaged in discussions regarding a potential combination with Honeywell but that it never pursued it further due to significant obstacles.  Specifically, United Technologies believes that a combination would "face insurmountable regulatory obstacles and strong customer opposition, and could either be blocked outright or conditioned on significant divestitures after a lengthy and disruptive review period that would destroy shareholder value."  

Check out this article for a good summary on the merger discussions between the two companies.