United Tech (UTX) Potential 'Major Acquisition' Sends Stocks Aflutter

A number of leading multinational companies are seeing action Friday on speculation United Technologies (NYSE: UTX) is lining up financing to make a "major acquisition."

According to Reuters, United Technologies is looking for $20 billion or more in loans. Sources declined to say which company United Technologies was aiming to acquire, only that the funds were to support a major acquisition in the U.S.

UTX has a current market cap of $67 billion, with $5.4 billion of cash recorded at the end of June.

Stocks jumping today, being mentioned as possible targets, include:

• Goodrich Corp. (NYSE: GR), which is up 3.2 percent;
  
  
• Rockwell Collins (NYSE: COL),. which is 4.5 percent stronger;
  
  
• Textron (NYSE: TXT), up 4 percent;
  
  
• Tyco Int'l (NYSE: TYC), 5.1 percent better; and
  
  
• Honeywell Int'l (NYSE: HON) which is still relatively flat at 0.8 percent.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Holcim said to acquire part of James Hardie's EU business
• Bunker Hill Mining to acquire Silver47 in all-share merger deal
• Forbright Bank to sell branches and deposits to Trustar Bank