1. Hedge Fund Third Point Pushes United Tech to Break Up

    Hedge Fund Third Point Pushes United Tech to Break Up

    BOSTON/NEW YORK, May 4 (Reuters) - Billionaire investor Daniel Loeb's Third Point on Friday urged United Technologies to move more forcefully in pursuing a breakup into three businesses, saying such a step could unlock $20 billion in value...

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    1. A three‐way split would unlock in excess of $20 billion of value, net of separation costs.
    2. Third Point did not invest in UTC for what it is today but for what it could become.
    3. UTC's management has acknowledged the disconnect between the company's intrinsic value and share price but it seems less open to a three‐way split solution than shareholders might expect.
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