| Title: | Zardoya Otis SA acquires remaining interest in Otis Maroc SA from OMI (pending) |
| Price: | $48.00 |
| Publication Date: | Mar 30, 2007 |
| Abstract: | MOROCCO - Zardoya Otis (ZO) of Spain, a 51.7%-owned unit of United Technologies Corp (UTC), was granted an option to acquire the remaining 49% stake, which it did not already own, in Otis Maroc SA (OM), a manufacturer of elevators, a joint venture between OMI and Otis France SA, a unit of UTC's Otis Elevator Co subsidiary. Concurrently, ZO agreed to acquire a 51% interest in OM. |
| Acquirer: | Zardoya Otis SA |
| Acquirer Business Discription: | Mnfr elevators |
| Acquirer Ultimate Parent: | United Technologies Corp |
| Acquirer SIC Code: | 3534 - Elevators and moving stairways |
| Target Name: | Otis Maroc SA |
| Target Business Description: | Mnfr elevators |
| Target Ultimate Parent: | OMI |
| Target SIC Code: | 3534 - Elevators and moving stairways |
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