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United Technologies (UTX) Stock Gains on Potential Sikorsky Sale

2015-06-10 19:02:50| Industrial Machines - Topix.net

The company is looking to either sell the business to Textron , which expressed interest in buying the business earlier this month, or spin it off, according to Reuters sources. The Textron sale would be facilitated through a Reverse Morris Trust, a transaction that would allow United Technologies to avoid paying taxes on the sale.

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