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SHLRF - United Technologies Spin-Off Of Otis Elevators Is One To Watch
Schindler Hldg Ag Akt
My interest in the Magic Formula prompted me to look into Raytheon (RTN) that is set to merge with United Technologies (UTX) which wants to spin-off its elevator division. The spin-off is planned for tomorrow, March 18. As spin-off situations are always interesting, I would like to take a look at this soon-to-be standalone company and take a shot at a reasonable valuation for it.
This division’s brand, Otis, must be a familiar name to most people who frequently use escalators or elevators. It is certainly one of the big