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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rockwell Collins, Inc. (delisted) | NYSE:COL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 141.04 | 0 | 01:00:00 |
By Dana Mattioli, Joann S. Lublin and David Benoit
United Technologies Corp. is nearing a deal to buy Rockwell Collins Inc. for more than $20 billion, a tie-up that would create one of the world's biggest aircraft-equipment makers.
The companies are discussing a per-share price for Rockwell of $140 or less and could come to an agreement as soon as this weekend, according to people familiar with the situation. Rockwell shares closed at $127.99 Monday, giving the company a market value of $20.8 billion.
As with all acquisition talks, it is possible they could hit a snag and not result in a deal, or the expected price could change.
Thomas Gryta contributed to this article.
Write to Dana Mattioli at dana.mattioli@wsj.com, Joann S. Lublin at joann.lublin@wsj.com and David Benoit at david.benoit@wsj.com
(END) Dow Jones Newswires
August 29, 2017 11:29 ET (15:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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