United Technologies Ends Honeywell Talks - TheStreet

United Technologies

ended talks aimed at a $40 billion merger with

Honeywell

(HON) - Get Report

after the latter received another bid from a third party, United Technologies said Friday.

Stocks of both manufacturing giants were halted Friday afternoon ahead of the disclosure, with Honeywell up 22% at $41.12 and United Technologies down 10% at $61. Honeywell representatives weren't immediately available for comment.