The month-long suspense that’s been building over about a possible United Technologies/Rockwell Collins deal finally ended Tuesday morning with an announcement Bloomberg called “one of the biggest in aviation history.” United Technologies chairman and CEO Greg Hayes confirmed his company will purchase Rockwell Collins for $30 billion.
United Technologies to Buy Rockwell Collins
Key Takeaways:
- United Technologies (UTC) announced its acquisition of Rockwell Collins for $30 billion, merging it with UTC Aerospace Systems to create "Collins Aerospace Systems."
- Rockwell Collins shareholders will receive $140 per share, a mix of cash and UTC stock, with the deal aiming to enhance customer value and aircraft connectivity.
- Boeing has expressed significant skepticism and concern about the merger's potential impact on customers and the industry, indicating it may exercise contractual and regulatory options.
- The transaction is expected to finalize by the third quarter of 2018.
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