United Technologies to announce intention to separate into three companies


FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 5, 2017. REUTERS/Brendan McDermid/File Photo

(Reuters) – United Technologies Corp (UTX.N) will announce its intention to separate into three companies on Tuesday, the company said on its investor relations page.

UTC has been under pressure from activist investors to split the sprawling jet engine-to-air conditioner group.

Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber


By Kenyan Digest

The Kenyan Digest Team