United Technologies greenshoe exercised, ups equity units by 2 million

By Tali David

Minneapolis, June 18 - United Technologies Corp. said that the $100 million over-allotment option on its offering of equity units was exercised in full, increasing the offering by 2 million units, according to an 8-K filed with the Securities and Exchange Commission.

The company originally priced 20 million units for $1 billion.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., HSBC Securities (USA) Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. were representatives of the underwriters named in Schedule I to the pricing agreement, dated June 12.

Proceeds are expected to partially fund the cash consideration for its previously announced acquisition of Goodrich Corp. The remainder of the net proceeds, if any, will be used for general corporate purposes.

United Technologies is a Hartford, Conn.-based company that provides technology products and services to the building and aerospace industries.

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