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United Tech to Break Itself Into Three Companies

United Tech to Break Itself Into Three Companies

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United Applied sciences Corp. has determined to separate itself into three impartial firms, breaking up considered one of America’s final industrial conglomerates.

The corporate, which makes every part from Otis escalators to Pratt & Whitney jet engines, stated Monday that it plans to spin off to shareholders its Otis division and Service constructing methods companies. The Wall Road Journal had earlier reported on the plans to interrupt aside.


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