Seeking Alpha

UTX reportedly weighing options on Sikorsky

  • A spinoff of the helicopter maker looks to be the most likely option, reports DefenseNews, but an outright sale or a strategic merger are also being looked at. Unclear is how long a spinoff might take or who a buyer might be in a sale.
  • The company declined to comment, but former Pentagon manufacturing and industrial policy chief Brett Lambert says current market conditions make the timing ripe,  and expects more M&A and spinoff activity in the next 12 months than has been seen in the last 36.
  • UTX +2.4%
Comments (2)
  • Robert.from.Ct
    , contributor
    Comments (373) | Send Message
     
    Igor Sikorsky was a GIANT of a man.
    27 Jan, 12:30 PM Reply Like
  • 1GreatCFA
    , contributor
    Comments (825) | Send Message
     
    I guess the market liked this news.
    27 Jan, 05:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|