United Technologies (UTX) agrees to sell its Hamilton Sundstrand industrial products businesses...

|About: United Technologies Corpora... (UTX)|By:, SA News Editor

United Technologies (UTX) agrees to sell its Hamilton Sundstrand industrial products businesses to BC Partners and The Carlyle Group (CG) for $3.46B. UTX put the pump unit on the block, along with three other non-core assets, as part of a plan to repay a portion of the short-term debt incurred to finance its $16.5B acquisition of Goodrich Corporation (GR).