United Technologies Nears Deal to Buy Rockwell Collins for More Than $20 Billion
August 29 2017 - 11:44AM
Dow Jones News
By Dana Mattioli, Joann S. Lublin and David Benoit
United Technologies Corp. is nearing a deal to buy Rockwell
Collins Inc. for more than $20 billion, a tie-up that would create
one of the world's biggest aircraft-equipment makers.
The companies are discussing a per-share price for Rockwell of
$140 or less and could come to an agreement as soon as this
weekend, according to people familiar with the situation. Rockwell
shares closed at $127.99 Monday, giving the company a market value
of $20.8 billion.
As with all acquisition talks, it is possible they could hit a
snag and not result in a deal, or the expected price could
change.
Thomas Gryta contributed to this article.
Write to Dana Mattioli at dana.mattioli@wsj.com, Joann S. Lublin
at joann.lublin@wsj.com and David Benoit at
david.benoit@wsj.com
(END) Dow Jones Newswires
August 29, 2017 11:29 ET (15:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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