United Technologies seeking largest deal yet to spur sales
New CEO promises to increase shareowner value despite challenging growth environment
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UNITED Technologies Corp's new chief executive officer said that he will consider acquisitions in excess of US$20 billion as he reviews portfolio changes that could also include selling off key business units.
In his first public appearance since being appointed to the top post last month, Gregory Hayes said that he is taking a hard look at all of the company's units, which sell products from Black Hawk helicopters to Otis elevators and Carrier air conditioners. He said he would look at opportunities bigger than the US$16.5 billion acquisition of Goodrich Corp in 2012, the largest-ever aerospace purchase.
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