The drama is over, at least for now. On March 1, Honeywell withdrew its bid to acquire United Technologies Corp. (UTC) in what would have been a $90 billion megamerger of two U.S. industrial giants that also happen to be the industry’s largest aircraft systems suppliers. Combined, the new firm would have boasted revenue of $97 billion and world-beating positions in numerous aerospace and industrial markets.  Honeywell CEO David Cote labeled the bid “an incredible ...


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