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SUGAR LAND--December 13, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--At the start of this week, there were rumors around the trade show floor at Power-Gen International that Pratt & Whitney was being bought out. This morning, the rumors were confirmed when it was announced that United Technologies (NYSE:UTC) (Hartford, Connecticut), the parent company that owns Pratt & Whitney, has agreed to and is negotiating terms of sale of the Pratt & Whitney Power Systems unit with Mitsubishi Heavy Industries (MHI) (OTC:MHVYF) (Tokyo, Japan).
Other companies featured: Hitachi Limited (OTC:HTHIY), General Electric (NYSE:GE)
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