Cote's Elephant Gun Signals Honeywell Appetite for Megadeals

  • Failed bid for United Technologies suggests game-plan change
  • Annual Wall Street presentation looms after merger faltered

Honeywell International CEO Dave Cote.

Photographer: Michael Nagle/Bloomberg

Honeywell International Inc. Chief Executive Officer Dave Cote said three years ago that he gets queasy thinking about acquisitions of more than $1 billion. Now, it’s his investors who may be getting uncomfortable after Cote pursued -- and then abandoned -- a $90 billion merger with rival United Technologies Corp.

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