Hints and tips:
...In a rare win at a tightly contested extraordinary meeting last month, shareholders in elevator maker Fujitec approved four out of six candidates for non-executive directors that were proposed by Oasis to...
...Toshiba will also start the process of selling its lighting and elevator business....
...Its sprawling empire ranges from semiconductors to elevators and computer printers. Its current market capitalisation is $18bn and private equity bids have been mooted at up to $30bn....
...His viewers’ esprit de corps was contagious. A chorus of “BOOM” filled the chat whenever McKeever won a bet....
...Second prize would be a series of huge asset sales (the elevator and air conditioning businesses are prime candidates) followed by a massive share buyback into which the activists would sell their stakes...
...A joint bid from Advent, Cinven and the Abu Dhabi Investment Authority is likely to face competition from Kone, the Finnish maker of elevators, and Japan’s Hitachi, for a business that could fetch more than...
...The elevators deal was struck in February, just as the crisis caused by the coronavirus pandemic started to roil markets....
...A sale of the division, which makes stairlifts and platform lifts that are installed in wheelchair users’ homes, would reduce the groups’ exposure to the elevator deal....
...BofA has told staff it might employ lift operators — as the only people allowed to touch the buttons — to ensure social distancing is maintained and that elevators are efficiently allocated at its 52-storey...
...That’s the thing about elevator pitches: they only work on the way up....
...Following weeks of a fiercely-contested bidding process, Thyssenkrupp finally selected the winning bid for its prized elevator unit....
...The $16bn race to buy Thyssenkrupp’s elevator unit may reach its conclusion while the conference is under way....
...Postmen and women should add sniffy investors to such traditional hazards as fierce dogs and broken elevators....
...But it would be ironic if this elevators deal someday comes crashing down. Read more on the sale here, and its back-story here....
...UTC itself announced it would spin off its elevator and climate systems units and focus strictly on aerospace after acquiring Rockwell Collins in 2018 for $30bn....
...UTC said late last year that it would spin off its Otis elevator and Carrier building-systems businesses into separately traded companies — a move that was supported by Mr Ackman....
...United Technologies Corp and Raytheon on Sunday agreed to an all-share merger that will create a new aerospace and defence giant and challenge the industry’s longstanding pecking order....
...The decision to bring together the companies’ aerospace business will not impact United Technologies’ plan to spin off its Otis elevator and Carrier building-systems businesses into separate units....
...Since then, it has announced it will spin-off its Otis elevator and Carrier building-systems businesses....
...UTC said it hoped to close the deal in the first half of next year following the spin-off of Otis elevator and Carrier building-systems businesses into separate units....
...However, despite the production cuts, Connecticut-based UTC unveiled better than expected quarterly earnings and upgraded its outlook for the year on Tuesday amid strength in its aerospace systems and elevators...
...Barely six months after the $30bn acquisition of Rockwell Collins, the United Technologies Corp chairman and chief executive (pictured above) has landed an even bigger deal to merge the company’s aerospace...
...“Using mixed reality, somebody that could be kilometres away could enter into the real space of our technician,” said Javier Sesma, general manager of Thyssenkrupp’s Elevator Innovation Centre....
...United Technologies said last year it plans to split into three companies, spinning off Otis elevators and Carrier climate-control systems into separate groups....
...Investors included Japan Airlines and two government-backed organisations, Innovation Network Corp of Japan and the Development Bank of Japan....
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