...NEW YORK (Standard & Poor's) Feb. 26, 2016--Standard & Poor's Ratings Services said today that its ratings and outlook on Honeywell International Inc. (A/Stable/A-1) are not immediately affected by the company's disclosure of its offer to purchase United Technologies Corp. (A-/Stable/A-2). Honeywell released a presentation this morning outlining the terms of its rejected Feb. 19, 2016, proposal to United Technologies Corp.'s chairman and CEO to acquire the company for roughly $91 billion. An undertaking of this magnitude would likely require both companies to clear significant regulatory hurdles and will probably require some asset divestitures. In addition, both companies would seek their customers' and suppliers' acceptance of the combination, and integrating the two firms could take a significant amount of time to complete. If Honeywell's offer price or any other terms of the deal were to change, or if other conditions make it more likely that the transaction will proceed in earnest,...
