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 - Copyright Brendan McDermid(Reuters)

By Reuters

Published on 27/11/2018 - 00:34•Updated 20/04/2024 - 05:20

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(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.