The Deal had two big wins this week for its activist investor or takeover target list: The Children’s Place Inc. (PLCE) and United Technologies Corp. (UTX). Senior Writer Richard Collings had reported that the valuation of the Children’s Place made it an attractive target for private equity firms, landing the company on the list in September. Sure enough, on Wednesday, Barington Capital Group unveiled a letter it had sent to the chair of the Board, arguing that the $1.3 billion market cap company was ripe for a strategic review. The Deal’s Lou Whiteman also recently flagged United Technologies to its readers as another target, and late Wednesday, the company announced it was exploring options for its Sikorsky aircraft unit via JPMorgan Chase. The unit manufactures helicopters and other fixed-wing aircraft, generating about two-thirds of United Technologies’ $7.5 billion in annual sales from its defense business.
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