Farmington, Connecticut-based United Technologies will pay $140 per share for Rockwell Collins, split between $93.33 per in cash and $46.67 in stock, according to the companies. The price represents a 17.6 percent premium to Rockwell's $119 share price before news of the talks emerged on Aug. 4. (The ticker symbol for United Technologies is displayed on a screen on the floor of the New York Stock Exchange July 20, 2015. - Reuters
NEW YORK: United Technologies Corp (UTC) has agreed to buy Rockwell Collins Inc for about US$23bil, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail.
Rockwell Collins shareholders would receive US$140 a share in cash and stock, the companies said in a statement. Including net debt, the total deal value is about US$30bil.
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