Spinoffs & Takeovers Hotline – Friday, October 18, 2024

MODINE MANUFACTURING CO., $132.79, symbol MOD on New York, provides thermal management products and solutions to customers in the commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, it provides engineered heat transfer systems and high-quality heat transfer components.

In the… Read More

Carrier aims to cut its debt

CARRIER GLOBAL CORP. $63 is a buy. The company (New York symbol CARR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 901.0 million; Market cap: $56.8 billion; Price-to-sales ratio: 2.4; Dividend yield: 1.2%; TSINetwork Rating: Average; www.carrier.com) is a leading maker of heating, ventilation and air conditioning… Read More

More gains on tap for these spinoffs

On April 3, 2020, aerospace and military equipment maker RTX Corp. (formerly called Raytheon Technologies, New York symbol RTX) spun off its Otis (elevators) and Carrier (heating and air conditioning equipment) businesses. For each UTX share they held, investors received 0.5 of a share in… Read More