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United Technologies Picks Bidders for $3 Billion Unit

  • Eurazeo-Rhone, Apax and PAI are in final round for asset
  • Company’s sale of its saftey business may close in January
A United Technologies Corp. sign stands in Indianapolis, Indiana.

A United Technologies Corp. sign stands in Indianapolis, Indiana.

Photographer: Daniel Acker/Bloomberg

United Technologies Corp. is starting the final round of an auction for its fire safety and security business, people familiar with the matter said.

Offers from Apax Partners and PAI Partners, as well as a joint bid from Eurazeo SE and Rhone Capital, are being considered, said the people, who asked not to be identified because the discussions are private. The asset could fetch about $3 billion, one of the people said.