Feb 23 (Reuters) - Honeywell International Inc (N:HON) HON.N
confirmed on Tuesday that it had engaged in deal talks with
United Technologies Corp (N:UTX) UTX.N 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".