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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.
United Technologies to move headquarters out of Hartford
2015-03-13 11:40:06| Industrial Machines - Topix.net
Officials at United Technologies Corp. say the aerospace and building systems conglomerate will be moving its headquarters out of Hartford to the company's Farmington property about 10 miles away. United Technologies officials announced the decision Thursday, saying the company is consolidating offices in an effort to reduce overhead costs.
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United Technologies Moves Up In Market Cap Rank, Passing UnitedHealth Group
2015-03-13 00:05:27| Paper - Topix.net
We work to find the most relevant and interesting articles about yield stocks to share with Forbes readers. The site is a one-stop source for aggregated data on dividend stocks, including features such as a dividend stock screener, a live dividend feed, an ex-div calendar, and a dividend calculator.
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Children's Place Targeted by Activist Investor; United Technologies Explores Aircraft Unit
2015-03-12 20:55:49| Paper - Topix.net
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Seeking a Spark, United Technologies Puts Sikorsky On the Block
2015-03-12 16:41:07| Paper - Topix.net
The unit manufactures helicopters and other fixed-wing aircraft, generating about two-thirds of its $7.5 billion in annual sales from defense. The announcement comes just months after the UTC board's November decision to push CEO Louis Chenevert into retirement, replacing him with chief financial officer Greg Hayes.
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