Jet-engine maker United Technologies has agreed to would buy aircraft parts manufacturer Rockwell Collins for $30 billion, including debt, the companies said.
Under the deal, Rockwell shareholders will receive $140 per share in stock and cash, split between $93.33 in cash and $46.67 in United Tech stock, the companies said in a statement.
The offer represents an 18 premium to Rockwell's closing share price on Aug. 3, the day before media reported that UTC was weighing a bid for Rockwell.
Submitted September 04, 2017 at 09:28PM by usom http://ift.tt/2wzMsmh
