Filed under: Deals, General Electric (GE), United Technologies (UTX)

While General Electric’s (GE) fire alarm and security business is solid, it’s simply not big enough to keep the company’s interest. In such an industry, it’s critical to be the industry leader.

So this week, GE agreed to sell the unit to United Technologies (UTX) for $1.82 billion. Rumors of the deal have been buzzing since the summer.

Continue reading United Technologies fires up a deal with GE

United Technologies fires up a deal with GE originally appeared on BloggingStocks on Thu, 12 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

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