UNITED TECH <UTX> SETS COMMON SHARE BUYBACK
United Technologies Corp said its
board authorized management at its discretion to buy up to six
mln shares of the company's common stock in the open market.
    "We are taking this action because the price of the stock
represents an excellent buying opportunity," the company said
in a statement.
    The military, commercial and industrial products company
had about 131.6 mln shares outstanding at Sept 30.
    Its shares were trading off 1-3/4 at 37-1/4 late in the
day.
 Reuter
