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United Technologies Corporation Message Board

  • kidmadeira kidmadeira Sep 13, 2012 3:41 PM Flag

    Share buyback

    UTC To Resume Share Buyback In '13 0 1:55 p.m. EDT, September 13, 2012 HARTFORD — The chief executive of United Technologies Corp. says share buybacks of $1 billion will resume in 2013, more than a year after repurchases were suspended as the conglomerate bought Goodrich Corp. for $18.4 billion. CEO Louis Chenevert told investor analysts on Thursday he'd prefer a share buyback program of more than $2 billion, but the Hartford, Conn.-based company will hold the line on half that amount. Chenevert said the parent company of jet engine maker Pratt & Whitney, Otis elevator, Sikorsky Aircraft and other aerospace and building systems companies will not make any more large purchases. Topics Louis R. Chenevert Stock Activities Buyback See more topics » XCompanies and Corporations United Technologies Corporation He said "big deals in my view are done." ------------------------------

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