United Technologies

called off merger talks with

Honeywell

(HON) - Get Report

after Honeywell received another offer. The two

Dow

components confirmed Thursday night that they were in negotiations. Trading in both stocks was halted for the announcement shortly before 3 p.m. United Technologies reopened down 10.3%, later rising to a drop of 3.1%. Honeywell was up 14.6% when trading closed.