Goodrich had been running up on rumors of this buyout over the last few sessions. Guess these rumors actually came true. Here is the chart as of last night, where the stock closed at 109.49. Note the stock should open today at around $127.50.
Thursday, September 22, 2011
United Technologies buys Goodrich...
United Technologies Corp. (UTX). The diversified manufacturer has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp (GR), in what would be United Tech’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. It also includes $1.9 billion in assumed debt.
Goodrich had been running up on rumors of this buyout over the last few sessions. Guess these rumors actually came true. Here is the chart as of last night, where the stock closed at 109.49. Note the stock should open today at around $127.50.
Goodrich had been running up on rumors of this buyout over the last few sessions. Guess these rumors actually came true. Here is the chart as of last night, where the stock closed at 109.49. Note the stock should open today at around $127.50.
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