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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Goodrich Corp. (The) | NYSE:GR | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 127.48 | 0.00 | 01:00:00 |
From May 2019 to May 2024
United Technologies Corp. (UTX) is offering $1 billion of equity units, as the industrial conglomerate raises funds for its pending $16.5 billion takeover of aerospace-parts maker Goodrich Corp. (GR).
The company is offering 20 million equity units at $50 each, according to a filing with the Securities and Exchange Commission. The units will consist of a purchase contract and initially a 5% beneficial ownership interest in $1,000 principal amount of the company's junior subordinated notes that mature in 2022.
United Technologies has applied to list the units on the New York Stock Exchange under the symbol "UTX PR A".
Last month the company sold $9.8 billion in bonds, the biggest corporate-debt offering in three years, also to raise funds for the deal, which is expected to close by late next month.
United Technologies reported its first-quarter profit slumped as results took a hit from the planned shedding of certain businesses--also to finance the planned Goodrich acquisition.
The company's shares closed Monday at $74.62 and were inactive in recent premarket trading.
1 Year Goodrich Chart |
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