United Technologies Corp. (UTC) CEO and President Gregory Hayes says a merger with Honeywell International just “ain’t going to happen.” He might be the only one who thinks so, and that means such a deal probably is not quite dead yet. To be sure, after both companies confirmed Feb. 23 they had been in talks—most recently with Honeywell offering to take over UTC for a premium to shareholders—UTC downplayed the discussions and their implications. Alluding to ...


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