United Technologies closing in on a deal to buy Rockwell Collins for nearly US$30bn


United Technologies Corp (NYSE:UTX) is closing in on a deal to buy Rockwell Collins Inc (NYSE:COL) for nearly US$30bn including debt as consolidation among the world’s biggest aircraft parts suppliers continues.

A report in the Financial Times said that the deal was likely to end up valuing Rockwell at around US$140 per share, with the stock currently trading at US$132 each in pre-market trading today, up around 1% from last night’s close.

That gives the company a market value of around US$21.2bn, while it has net debt of around US$7bn.

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