Latest Rumors Say United Technologies (UTX) Looking at Goodrich (GR)
Tweet
Share
E-mail
Get Alerts UTX Hot Sheet
Join SI Premium – FREE
Following earlier speculation surrounding a large financing action at United Technologies (NYSE: UTX), reports from Bloomberg late Friday suggest the company could be looking at none other than Goodrich Corp. (NYSE: GR).
Goodrich shares rose about 7 percent during the intraday session, and are now up another 5 percent after hours.
The earliest reports rumored Tyco (NYSE: TYC) could be the top candidate, however CNBC's David Faber mostly snuffed that one as a source told him United Technologies financing was well below the $20 billion which would likely be needed to make a stab at Tyco.
Goodrich shares rose about 7 percent during the intraday session, and are now up another 5 percent after hours.
The earliest reports rumored Tyco (NYSE: TYC) could be the top candidate, however CNBC's David Faber mostly snuffed that one as a source told him United Technologies financing was well below the $20 billion which would likely be needed to make a stab at Tyco.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Centerra Gold raises Azimut Exploration stake to 12.67%
- Virtu Financial said to explore $3.5B sales of brokerage unit
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsRelated Entities
David FaberSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
