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Strategies & Market Trends : John Pitera's Market Laboratory

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From: pcyhuang	9/22/2011 9:28:21 AM
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A $16.5 Billion Cash Acquisition Goodrich Corp. (GR) surged 10 percent to $120.70. United Technologies Corp. (UTX) agreed to buy Goodrich for $16.5 billion, adding the maker of aircraft landing gear and jet- turbine casings to take advantage of a record surge in commercial plane orders. Goodrich stockholders will get $127.50 a share. This may be one of the few important good news in the midst of a general gloomy market sentiment. Source: Bloomberg.com

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