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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (43923)	9/21/2011 10:26:00 PM
From: E_K_S	Read Replies (3) of 78704

United Technologies to buy Goodrich for $18.4B United Technologies to buy Goodrich for $16.5 billion in cash and assume $1.9 billion in debt finance.yahoo.com Alex Veiga, AP Business Writer, On Wednesday September 21, 2011, 9:39 pm LOS ANGELES (AP) -- United Technologies Corp. says it has agreed to buy aerospace manufacturer Goodrich Corp. in a deal valued at $18.4 billion, including the assumption of $1.9 billion in debt. The deal had been rumored for days, sending Goodrich's shares soaring. The stock was up more than 11 percent to $122 in aftermarket trading Wednesday after word of the deal broke. United Technologies says it agreed to pay $127.50 a share in cash for Goodrich, which is based in Charlotte, N.C. Hartford, Conn.-based United Technologies anticipates that its sales will be about $66 billion following the buyout. ------------------------------------------------------------------------------------------------------------ Looks like the stock ran 20% higher from the first mention of the rumor. Should be a good fit. EKS

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