Carrier Global Corporation Completes Separation from United Technologies

Carrier completed its previously announced separation from United Technologies Corporation (now Raytheon Technologies) into an independent, publicly traded company through a pro rata distribution of shares to UTC shareholders.

“As previously reported, on April 3, 2020, United Technologies Corporation (since renamed Raytheon Technologies Corporation) (“UTC”) completed its previously announced separation (the “Separation”) into three independent, publicly traded companies – Carrier, Otis Worldwide Corporation, and UTC – through pro rata distributions (the “Distributions”) of all of the outstanding shares of common stock of Carrier and Otis, respectively, to UTC shareowners who held shares of UTC’s common stock as of the close of business on March 19, 2020.”

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