United Technologies to spin off Carrier as independent company

United Technologies announced that the spin-off of its Carrier air conditioning and refrigeration subsidiary is substantially complete and expected to occur early in the second quarter of 2020.

“Operational separation activities for Otis and Carrier are substantially complete, and we are executing the final steps required to spin both businesses as independent companies early in the second quarter.”coolingpost.com

• 2 sources
• coolingpost.comCarrier spin off plans “substantially complete” - Cooling PostNeil EverittJan 29, 2020
• clearygottlieb.comUTC Secures Clearance for Combination With Raytheon | Cleary GottliebMar 13, 2020

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