United Tech to Break Itself Into Three Companies
 

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United Technologies Corp. has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.

The company, which makes everything from Otis escalators to Pratt & Whitney jet engines, said Monday that it plans to spin off to shareholders its Otis division and Carrier building systems businesses. The Wall Street Journal had earlier reported on the plans to break apart.

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