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United Technologies Sikorsky Split Is Prelude to Deals: Real M&A
2015-03-13 20:33:21| Paper - Topix.net
The $110 billion industrial conglomerate announced Wednesday that it will sell or spin off Sikorsky Aircraft, a unit valued on average by analysts at about $8 billion as a stand-alone. Cutting ties with Sikorsky -- its lowest-margin business -- may help United Technologies bridge the 13 percent gap between its stock price and the roughly $137-a-share value that some analysts assign to its underlying assets.
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