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United Tech (UTX -0.3%) sells $1B of convertible notes, or 20M equity units at $50 each. It's...
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Wednesday, June 13, 2012, 10:54 AM ETUnited Tech (UTX -0.3%) sells $1B of convertible notes, or 20M equity units at $50 each. It's less than the $1.5B United Tech said it would raise to help finance its $16.5B acquisition of Goodrich (GR), although the conglomerate says it has found other sources of cash. This could include the sale of three units, one of which is reportedly imminent. (PR)
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