Goodrich Shareholders Approve Sale To UTC

HARTFORD, Conn. (AP) _ Aerospace supplier Goodrich Corp. says its shareholders have approved the Charlotte, N.C., company’s sale to United Technologies Corp.

The vote Tuesday approved the transaction, which is valued at about $18.4 billion, including $1.9 billion in debt.
United Technologies, based in Hartford, Conn., announced the deal in September, saying the aerospace and defense company will be a good addition allowing it to take advantage of rapidly growing demand for aircraft components.

United Technologies, parent company of Otis elevator, Sikorsky Aircraft, jet engine maker Pratt & Whitney and other companies, has scheduled its annual analysts day in New York Thursday when it is expected to detail how it will finance the $16.4 billion deal.

Shares of Goodrich rose 14 cents, to $126.20 in afternoon trading. United Technologies was up $2.01, or about 2 percent, to $86.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

  • » United Technologies to sell wind, rocket engine businesses to finance $16.5B … – Washington Post » Energized Energized

    […] CBS Local […]

  • » United Tech Plans to Sell Industrial, Wind Units – Wall Street Journal » Energized Energized

    […] CBS Local […]

blog comments powered by Disqus
The Latest UConn News
Set Your Picks For Pro Football Challenge

Listen Live