Deals
United Technologies Is Said to Assess Sale of Pumps Business
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United Technologies Corp. is studying the sale of a pump- and compressor-making division to raise cash for the planned purchase of aerospace supplier Goodrich Corp., people with knowledge of the matter said.
Goldman Sachs Group Inc. is advising on the potential divestiture of some or all of that business, which is part of the Hamilton Sundstrand unit, said the people, who spoke on condition of anonymity because the talks are private. The company may decide not to go ahead with a sale, which may value the unit at $2 billion or more, the people said.