Hints and tips:
...investors from 12 May, 2022 and, the subscription, redemption and the determination of the Net Asset Value of the Shares of all the Classes within all Segregated Portfolios of the Fund effective from 04:00 am (UTC...
...“Unfortunately, there are far too many boards that unlike Caesars, believe corporations are more like feudal systems, than democracies; that stockholders are the peasants who represent a necessary evil that...
...That does not mean that the jobs outsourced by companies like GM, Boeing, or UTC over the past few decades will necessarily be replaced....
...UTC built up UTC Aerospace Systems through the $4bn takeover of Sundstrand Corporation in 1999 and the $16.5bn acquisition of Goodrich in 2011....
...UTC’s shares rose 2 per cent to $120.5 in early afternoon trading in New York....
...Events in a courthouse on Thursday in Bridgeport, Connecticut, shone a light into a murky corner of the aerospace industry when United Technologies Corporation, one of the US’s largest defence contractors...
...An arm of a large US corporation, more focused on profit than wider ethics, sells sensitive technology – software to control helicopter engines – to China....
...The deal is subject to anti-trust approval and will only go through once UTC’s acquisition of Goodrich is complete....
...United Technologies Corporation, the US industrial conglomerate, has been examining a possible acquisition of aerospace company Goodrich Corporation, people familiar with the situation said....
...“We have the appetite and the capacity for large acquisitions, and we know how to integrate them well,” Greg Hayes, chief financial officer of UTC, said in July....
...“Buying Goodrich would take UTC’s net debt from 20 per cent to almost 50 per cent of market capitalisation....
...UTC, meanwhile, has made clear that it had stopped work on offshore turbines that it began after buying Clipper Windpower last year....
...The Crown Estate confirmed that UTC had returned the entire £1.6m investment plus value added tax due under a termination agreement....
...UTC shareholders were less impressed with the decision that will increase the company’s debt to about 50 per cent of market capitalisation. UTC shares fell 8.7 per cent for the week to $68.92....
...Shares in UTC fell 8.8 per cent to $68.31 on news of the deal, which will increase the company’s debt to almost 50 per cent of market capitalisation....
...Clipper Windpower, the Aim-quoted wind turbine maker based in Iowa, is to be acquired by United Technologies Corporation....
...Meanwhile, the new 1,000lb-shaft horsepower PW210 will be used in sister UTC company Sikorsky’s S-76D turbine twin helicopter....
...A year later, filtration specialist Domnick Hunter was bought by Parker Hannifin for £250m after US rival Eaton Corporation withdrew from the ring....
...During the week UTC, CSX and Textron climbed4.3 per cent to $72.51, 8.8 per cent to $61.24 and 6.7 per cent to $60.97 respectively....
...Enodis shares jumped 8.5 per cent to 197½p on talk that Middleby Corporation of the US would next week raise its offer for the food equipment manufacturer to 205p a share....
...Kidde on Thursday recommended a sweetened 165p per share bid from United Technologies Corporation valuing the UK fire protection group at £1.44bn....
...Kidde's tough tactics mirrored UTC's, which bought a 2.6 per stake in Kidde, hoping to woo it with an uninvited “bear hug”. Yet viewed in dollars, UTC is paying significantly more than it hoped....
...UTC, which sells Pratt & Whitney jet engines, Carrier air conditioning and Otis elevators, said it expected to pay $275m on $985m of pre-tax earnings 28 per cent....
...Kidde firmed 2.8 per cent to 154¾p on hopes that UTC Technologies Corporation would make a revised offer for the UK group by a deadline of midday on Thursday....
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