United Technologies Corp (UTX.N) has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp (GR.N), in the diversified U.S. manufacturer's biggest deal in a decade. United Tech said on Wednesday it would pay $127.50 a share for Goodrich, a 47 percent premium over the stock's closing price last Thursday. The deal, if completed, would be the diversified U.S. manufacturer's largest takeover in a decade. It also includes $1.9 billion in assumed debt. It would boost United Tech's presence in the commercial aviation business, as Goodrich supplies a host of parts to both European aerospace conglomerate EADS's Airbus division and to Boeing Co.
United Technologies Corporation (UTC) is a provider of technology products and services to the building systems and aerospace industries worldwide. Shares of UTX fell by 1.5% or $-1.14/share to $74.87. In the past year, the shares have traded as low as $67.12 and as high as $91.83. On average, 5761180 shares of UTX exchange hands on a given day and today's volume is recorded at 6968779.
Goodrich Corporation (Goodrich) is a supplier of aerospace components, systems and services to the commercial and general aviation airplane markets. Shares of GR fell by 2.08% or $-2.33/share to $109.49. In the past year, the shares have traded as low as $70.39 and as high as $114.50. On average, 1929910 shares of GR exchange hands on a given day and today's volume is recorded at 6224981.
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