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Watsco Announces Pricing of Secondary Offering of its Common Stock

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...