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United Technologies Corporation (UTX)

  • Sep. 23, 2011, 8:16 AM
    The credit spigot is flowing, at least for those companies at the top of the corporate food chain. UTX's CFO reports receiving unsolicited commitments for $100B in financing in the weekend following the news his company was interested in Goodrich (GR).
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  • Sep. 22, 2011, 9:14 AM
    United Technologies (UTX) says in a CC it will halt buybacks and slash its M&A stockpile in order to maintain its credit rating following its blockbuster deal to buy Goodrich (GR). Shares -4.7% premarket.
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  • Sep. 21, 2011, 8:39 PM
    United Technologies' (UTX) reported $16.4B cash offer for Goodrich (GR) is UTX's biggest deal in a decade and comes at $127.50/share, a 16% premium to today's closing price and 47% higher than last week when the deal started to leak. And it's a heavy move into commercial aviation, and to get bigger - the opposite of peers like Tyco (TYC), planning to split into three.
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  • Sep. 21, 2011, 8:03 PM
    United Technologies (UTX) has sealed an all-cash $16.4B deal for Goodrich (GR), WSJ reports. (earlier: I, II)
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  • Sep. 21, 2011, 1:52 PM
    RBC Capital's Robert Stallard says a Goodrich (GR -1.1%)-United Technologies (UTX +0.7%) merger is a win for investors on both sides of the deal. GR's aerospace product line could help boost UTX, still smarting from a miss on Boeing's (BA -1.7%) 737 upgrade. According to sources, the two firms are down to a $5 gap on the final purchase price.
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  • Sep. 21, 2011, 5:03 AM
    Chatter continues to grow that United Technologies (UTX) is in final negotiations for a blockbuster acquisition of aerospace firm Goodrich (GR). Sources say the deal, of undetermined size, could be closed in the next couple of days. Deal rumors have pushed Goodrich's shares up 33% over the last five days.
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  • Sep. 20, 2011, 7:41 AM
    Goodrich (GR) and United Technologies (UTX) are now in "final negotiations" of their blockbuster deal, according to the FT, as UTX brings in bankers to nail down as much as $15B in financing to close the deal. Sources peg the final sales price for Goodrich on the upper end of a $115-$125 range.
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  • Sep. 19, 2011, 9:56 AM
    Shares of Rockwell Collins (COL -5.1%) fall off sharply after it looks like the firm has fallen off of United Technologies' (UTX -1.8%) radar for an acquisition bid.
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  • Sep. 19, 2011, 8:04 AM
    Shares of Goodrich (GR) are up 19% premarket after reports continue to point to United Technologies (UTX) launching a takeover bid. A Jefferies analyst see the logic behind the move, saying "from a distribution channel basis, from a mentality basis, from a customer focus basis, it's all there."
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  • Sep. 16, 2011, 5:58 PM
    Some of United Technologies (UTX) other rumored acquisition targets aren't faring so well after hours: Textron (TXT -2.5%), Rockwell Collins (COL -3.5%), Tyco (TYC -1.4%).
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  • Sep. 16, 2011, 5:52 PM
    A United Technologies (UTX) deal, which may come early next week, could value Goodrich (GR) at $110-$125 per share.
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  • Sep. 16, 2011, 5:41 PM
    Goodrich (GR) soars +22% in after-hours trading after CNBC reports United Techologies (UTX) is making a bid for the company.
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  • Sep. 16, 2011, 1:24 PM
    Tyco (TYC +3.5%) gives back some of its early gains after CNBC's David Faber says United Technologies' (UTX -0.2%) financing deal was for substantially less than $20B and not intended for a purchase of Tyco. A Reuters report had said UTX was seeking financing for an acquisition in the "double-digit billions." GR+6.5%, and COL , +9.4%, hold gains from the initial Reuters story.
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  • Sep. 16, 2011, 10:11 AM
    Reuters reports United Technologies (UTX) is arranging financing "in the double-digit billions" for a major acquisition. Potential targets: Tyco TYC +7.5%, Textron TXT +7.4%, Rockwell Collins COL +6.5%, Goodrich GR +3%, Ingersoll-Rand IR +2.1%.
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  • Sep. 6, 2011, 8:22 AM
    United Technologies (UTX) reaffirms its outlook, keeping in place estimates for FY11 revenue of $58B and an EPS range of $5.35-$5.45. The industrial conglomerate's guidance falls in-line with the consensus estimates of analysts. Shares are down 2% premarket.
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  • Aug. 30, 2011, 12:31 PM
    PHI (PHI +17.8%) soars after a report details the firm is asking a federal court to sanction Sikorsky Aircraft - the manufacturer of a helicopter that crashed leading to damage awards from PHI. Sikorsky, owned by United Technologies(UTX -0.2%), withheld a report from an engineer stating a faulty design led to the crash in 2009, according to court filings.
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Company Description
United Technologies Corporation provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky.
Country: United States