United Technologies (UTX -0.3%) provides an update on how it plans to pay for its purchase of...

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

United Technologies (UTX -0.3%) provides an update on how it plans to pay for its purchase of Goodrich. The company will divest 5 different businesses for a net of $3B and raise $1.5B from mandatory convertible securities. As for the $165.B Goodrich pickup, United says that the deal is still on track for a mid-year close.