As United Technologies Corp (UTX.N) gets ready to close the biggest takeover in its history, Goodrich Corp (GR.N), CEO Louis Chenevert is scouring the diversified manufacturer's portfolio for businesses to sell.
Another analyst suggested that the company's Clipper Windpower unit, which United Tech bought out last year, could be a sale candidate. The company had taken a minority stake in the wind turbine manufacturer but wound up buying the Carpenteria, California-based company outright after Clipper faced a cash crunch and turned to United Tech for a loan.
"The Clipper Wind acquisition, that strikes me as a piece that is not necessarily core to United Technologies, that they should be able to part with pretty easily and just generate cash," said Morningstar's Holland.
No comments:
Post a Comment