The votes are in and the public sees the M&A flirtations among the larger industrials in a negative light due to the size of the companies.
As industrials consolidate, which giant most needs a merger? https://t.co/ja5CYMv9dN¿ RealMoney (@TSTRealMoney) February 23, 2016
Fifty-Six percent of Twitter respondents voted that the major players in the industrial sector are too big to merge. However, of the respondents that were in favor of a tie-up, Honeywell (HON) was seen as the company most in need of a merger. About 18% of our followers voted for Honeywell while 14% voted for GE (GE).
The public seemed to agree with United Technologies' (UTX) decision not to pursue a merger with Honeywell, as our responders voted the company to be least in need of a merger.
Read James Passeri's take on the Honeywell/UTX merger talks.
Reports surfaced Monday afternoon that United Technologies and Honeywell had held talks. The deal would have created an industrial behemoth. Between them, the two employ more than 400,000 people and have combined annual sales approaching $100 billion.
The size of the two companies is probably what will keep a deal from happening with UTX CEO Gregory Hayes telling CNBC, "You just can't get the deal done. It makes for a good headline, but there is just no path forward."
"Clearly we laid out, up front, that there would be an issue of regulatory approval. As the year went by and we heard from customers and we saw what was happening in the U.S. and the EU, it became very apparent to us that this was difficult."