Friday, March 30, 2007

UPDATE 3-UTC to buy Rentokil security unit for $1.2 bln

(Reuters) - LONDON, March 30 - U.S. conglomerate United Technologies Corp. is to buy the electronic security division of British services group Rentokil Initial for 595 million pounds , the two firms said.

UTC, based in Hartford, Connecticut, also said on Friday it planned to sell its low-technology manned guarding business in Australia and the UK in a move to reposition itself towards the high-tech and higher margin areas of guarding.


Read more at Reuters.com Bonds News

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