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UTC to buy rest of Clipper

By   /  Monday, October 25th, 2010  /  Latest news, Technology  /  Comments Off on UTC to buy rest of Clipper

United Technologies Corp., a multinational firm that owns nearly half of Carpinteria-based Clipper Windpower, has reached an agreement with Clipper to buy the rest of the turbine maker. UTC acquired 49.5 percent of Clipper in December in a deal that gave it the right to boost its stake to 55 percent in 2012 — or Read More →

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UTC takeover looms for Clipper Windpower

By   /  Monday, October 11th, 2010  /  Technology, Top Stories  /  Comments Off on UTC takeover looms for Clipper Windpower

After rocky sales timing put Clipper Windpower in a cash crunch, its largest investor is in position to take control of the Carpinteria company just as its long-term prospects brighten. In December, multinational conglomerate United Technologies Corp. acquired a 49.5 percent stake in Clipper in a transaction that pumped $206  million in new capital into the Read More →

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