Honeywell CEO Sold Stock 3 Days Before UTX Bid

The transcript discusses the sale of $36 million worth of shares by Honeywell's CEO, David Cotey, just days before a purchase offer to United Technologies. This timing has raised questions about potential insider trading, with regulatory bodies possibly investigating. The discussion covers market reactions, the possibility of prearranged trades, and the lack of comments from the involved companies.

What was the response from Honeywell regarding the nature of the share sale?

What concerns did the commentators express about the timing of the share sale and the acquisition offer?