Existing users please login

Forgot Password
 

    Home / Markets / Industries / Industrials

    Wednesday, November 04, 2009

    UTC Is Not Looking For Any Big Acquisitions -CEO

    | Respond to Editor | Print

     
    By Christopher Hinton
    MarketWatch Pulse
       

      NEW YORK -- United Technologies Corp. Chief Executive Louis Chenevert said Wednesday he doesn't see any "big plays" ahead in the mergers and acquisitions arena. His comments follow rumors last month that the Dow 30 component may be interested in buying aviation-equipment maker Rockwell Collins Inc. "I think we're a value buyer...and I would say that some properties in size and value are not even close to some of our parameters that we would consider at this point in time," Chenevert said, during an analyst meeting in New York. UTC is considering some smaller defense and aerospace asset buys, particularly ones that might add to its helicopter business, he said.

      Copyright © 2009 MarketWatch, Inc.
       

      Fox Business Video


      FOX Business Tools

       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2009 FOX News Network, LLC. All rights reserved.