Japan's Daikin Industries Ltd, the world's second-largest maker of air conditioners, said on Friday that it is still interested in buying U.S. rival Goodman Global Group but that talks on a deal remain on hold due to uncertainty over the global economy.Daikin, which rivals United Technologies Corp air conditioning unit Carrier, last April postponed discussions following the devastating March 11 earthquake and tsunami in Japan.Some analysts have said, however, that Daikin, which has flagged its ambition to become the biggest player in the heating, ventilation and air-conditioning sector (HVAC), would be better off pursuing opportunities in emerging markets as they have more potential for growth.Company executives told reporters at a briefing that negotiations over Goodman remained on hold as it would be tough to make any large-scale investment due to concerns over the global economy.
United Technologies Corporation (UTC) is a provider of technology products and services to the building systems and aerospace industries worldwide. Shares of UTX traded higher by 0.7% or $0.54/share to $77.24. In the past year, the shares have traded as low as $66.87 and as high as $91.83. On average, 4443330 shares of UTX exchange hands on a given day and today's volume is recorded at 3713889.
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