United Technologies Not Afraid of a Large Acquisition, Executive Says
UTC Chief Executive Gregory Hayes told investors that he’s still open to doing a “big deal” after its Honeywell merger bid fell through 10 days ago.
UTC Chief Executive Gregory Hayes told investors that he’s still open to doing a “big deal” after its Honeywell merger bid fell through 10 days ago.
Merger talks between the two companies were dropped on Tuesday after they began four years ago.
CNBC reports the two companies have held merger discussions within the past two weeks.
The realignment comes less than two years after UTC combined Otis Elevator with Carrier and its former Fire & Security division.
For the 17th year, Lenel is providing security systems to protect the Little League complex and players from nine countries.
The Wall Street Journal reported that Nortek, which owns a slate of audio, video, security and home automation brands, may be in talks to be acquired by United Technologies Corp.
UTC cut its full-year profit outlook as it warned of pressures in its aerospace systems and Otis elevators businesses.
UTC’s increased dividend will be payable from first-quarter 2015 on March 10 to shareholders of record as of Feb 13.
UTC Climate, Controls & Security business segment equipment orders increased 11% organically although operating profit remained flat.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
Discover which residential and commercial devices, systems and services are best lending themselves to the recurring monthly revenue model
