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OTIS - Otis Worldwide Corp
$65.53
0.59(0.91%)9:00:02 PM 1/15/2021
Otis Worldwide Corporation is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. Based in Farmington, Connecticut, U.S, Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.
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    01/11/2021OTIS
    Otis Recommends Shareholders Reject TRC Capital "Mini-Tender" Offer

    Otis Worldwide Corporation (NYSE: OTIS) received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2 million shares, or about 0.46 percent, of Otis's outstanding common stock at a price of $62.75 per share in cash. As TRC Capital's own offer document acknowledges, the offering price is approximately 4.62 percent below the closing price per share of Otis on Dec. 24, 2020, the last trading day before the mini-tender offer was commenc...

    01/8/2021OTIS
    OSC announces new Registrant Advisory Committee members

    TORONTO, Jan. 8, 2021 /CNW/ -  The Ontario Securities Commission (OSC) announced today the membership of the Registrant Advisory Committee (RAC) for the 2020-2021 term.

    12/17/2020OTIS
    Otis recalling private home elevators reports of 'crushed spine and abdomen' and other injuries

    Otis Worldwide Corp.'s subsidiary Otis Elevator Co., and former Otis sub CemcoLift Elevators Systems, is recalling about 5,000 private residence elevators, after at least four incidents that resulted in "a crushed spine and abdomen, fractured hip, broken arm and feet and bruising to the face and chest." The recall involves "Otis and CemcoLift Private Residence Elevators" made in the U.S.A. and purchased from 1999 to 2012 at a cost of about $20,000 to buy and install. "Children can become entrap...

    12/14/2020OTIS
    Held during International Aerospace Week - Montréal 2020 - Québec's aerospace industry embarks on a decisive journey towards a sustainable and rethought industry

    The world's largest aerospace industry gathering in North America provides an update on the industry's pandemic challenges, its technological advances, the airline industry's green transition, and potential solutions for spurring its recovery MONTRÉAL, Dec. 14, 2020 /CNW Telbec/ - Aéro Montréal, Québec's aerospace cluster, is today kicking off the 7th edition of the International Aerospace Innovation Forum under the theme of "Smart Travelling Rethought," in collaboration with the National Resear...

    12/12/2020OTIS
    15 Largest Elevator Companies in the World

    In this article we take a look at the 15 largest elevator companies in the world. Click to skip ahead and jump to the 5 largest elevator companies in the world. So what are the largest elevator companies in the world? In a very niche and specialized industry with a few big players and scattered […]

    12/10/2020OTIS
    Billionaire George Soros’ Top 10 Dividend Stocks To Buy Now

    In this article, we presented billionaire George Soros’ top 10 dividend stocks to buy now. Click to skip ahead and see George Soros’ top 5 dividend stocks to buy now. Billionaire investor George Soros is known for his short-term speculations and investments in various asset classes, meaning the Hungarian-American hedge fund manager invests money relatively […]

    12/10/2020OTIS
    Otis Celebrates Bestselling Gen2® Elevator - Over 1 Million Units Sold

    As Otis marks the 20th anniversary of its flagship Gen2® elevator, it also celebrates a noteworthy milestone: surpassing 1 million units sold, making this revolutionary elevator its all-time bestselling system. Otis Worldwide Corporation (NYSE: OTIS) is the world's leading company for elevator and escalator manufacturing, installation and service.

    12/7/2020OTIS
    Is OTIS A Good Stock To Buy Now?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]