An end for United Tech chairman's divorce battle

BOSTON, July 17 (Reuters) - United Technologies Corp chairman George David and Swedish countess Marie Douglas-David reached a settlement on Friday in their nearly two-year-long divorce battle, according to the Hartford Courant.

The court squabble became tabloid fodder for New York and Connecticut newspapers, which reported scintillating details of infidelity and luxurious spending.

David, who previously served as chief executive of the world's largest maker of elevators and air conditioners, wed Douglas-David, 30 years his junior, in 2002.

They filed for divorce in 2007 but the two disagreed over the value of a stock portfolio promised to Douglas-David in a 2005 post-nuptial agreement.

Douglas-David had sought $100 million, but settled for a $42.5 million stock-heavy investment portfolio, another $6.5 million and some personal property, the Courant reported. Attorneys for the two parties could not immediately be reached for comment.

David, a 34-year-veteran of the blue-chip company, became its CEO in 1994 and handed over the reins to Louis Chenevert last year.

(Reporting by Scott Malone) Keywords: UNITEDTECH/DAVID DIVORCE ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.