United Technologies To Acquire Rockwell Collins For $30 Billion
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Rockwell Collins (COL) and United Technologies (UTX): A Deal 30 Years in the Making
September 5, 2017 12:47 PM EDTAfter weeks of speculation, United Technologies (NYSE: UTX) announced late Sunday a definitive agreement to acquire Rockwell Collins (NYSE: COL) for $140 per share in cash and stock. The deal, years in the making, creates one of the world's largest aircraft component makers.
Rockwell Collins shareholders will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC's August 22, 2017 closing share price of $115.69. This price represents a 17.6 percent premium to Rockwell's undisturbed price of $119 on August 4, 2017.
While... More
Vertical Research Partners Downgrades United Technologies (UTX) to Hold
September 5, 2017 11:28 AM EDTVertical Research Partners downgraded United Technologies (NYSE: UTX) from Buy to Hold with a price target of $125.00.
Analyst Jeff Sprague sees limited upside near term as share repurchase is withdrawn and deal timing becomes an investor focus.
For an analyst ratings summary... More
