MIAMI--(BUSINESS WIRE)--Watsco, Inc. (NYSE: WSO) today announced the pricing of the offering by certain subsidiaries of United Technologies Corp. of 4,235,685 shares of the Company’s Common stock at a price to the public of $144.00 per share. The offering is expected to close on February 28, 2017, subject to customary closing conditions. The selling shareholders will receive all of the proceeds of this offering. No shares are being sold by Watsco.
Goldman, Sachs & Co. and Baird are acting as joint book-running managers for the offering. Watsco has previously filed an automatically effective shelf registration statement (including a preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before making any investment decision, you should read the prospectus in that registration statement and other documents (including the preliminary prospectus supplement) Watsco has filed with the SEC for more complete information about Watsco and this offering. Watsco intends to file a further prospectus supplement with respect to this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at: www.sec.gov. Copies of the prospectus supplement and accompanying prospectus relating to the offering also may be obtained from: Watsco, 2665 S. Bayshore Drive, Suite 901, Miami, Florida, 33133, Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (Tel: 212-902-1171, Fax: 212-902-9316), or by email at prospectus-ny@ny.email.gs.com or Baird, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, or by email at syndicate@rwbaird.com, or by telephone at (800) 792-2473.
About Watsco, Inc.
Watsco is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC/R industry, currently operating 565 locations serving 88,000 customers in the United States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean. Watsco's strategy provides the products, support and convenience that contractors require to satisfy the needs of homeowners and businesses that depend on the comfort and energy-efficiency provided by HVAC systems.
