United Technologies Surges on Honeywell Merger-Talks Report

United Technologies Corp. rose the most in almost seven years after CNBC reported that Honeywell International Inc. approached the company about a possible merger.

The aerospace giants have held talks within the past two weeks about a possible deal in which Honeywell would offer a premium, CNBC said Monday, citing unidentified people familiar with the situation. United Technologies is concerned that a merger attempt may not pass a regulatory review, according to the report.