United Technologies to announce its intention to separate into 3 companies

United Technologies intends to separate into three companies, according to an investor call scheduled for Tuesday at 8 a.m., ET.

Late Monday, the company listed an event on its investor relations page titled "United Technologies Analyst and Investor Call: Announcing Intention to Separate Into Three Independent Companies and Completion of Rockwell Collins Acquisition." The event listing has since been removed from the website.

Shares of United Technologies gained more than 2 percent in after-hours trading.

The Wall Street Journal reported, citing sources, that three resulting companies would be buildings, Otis and aerospace.

Activist investor Dan Loeb had pushed for United Technologies to split up into three businesses.

Last week, the industrial giant received key antitrust approval from China for its $23 billion purchase of aircraft parts maker Rockwell Collins. The deal is the largest in aerospace history. The companies combined brought in nearly $67 billion in revenue last year.

This story is developing. Please check back for updates.

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