Rockwell Collins, Inc. (COL) Stock Gets 18% Premium in United Tech’s Bid


Rockwell Collins, Inc. (NYSE:COL) will be acquired by United Technologies Corporation (NYSE:UTX) in a $23 billion cash and stock deal. The transaction prices COL stock at $140 a share, an 18% premium to where it traded last month when the deal initially made news.

Rockwell Collins, Inc. (<b><a href='http://www.istocksquotes.com/quotes/COL'>COL</a></b>) Stock Gets 18% Premium in United Tech's Bid Source: Flickr


In what will be the biggest aerospace deal in history, industry watchers expect it to reshape the market for aerospace parts, according to a report in the Wall Street Journal.

It’s no secret that the avionics and information technology services provider has been considering selling itself, and the company is roughly valued at $19 billion. The move would help Rockwell Collins’ CEO Greg Hayes return $22 billion to shareholders in dividends and buybacks.

COL stock was up 2.6% at 4:05 a.m. Eastern, in pre-market trading. The shares had gained 9.8% through Sept. 1 since reports of the deal first surfaced in early August.

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