United Tech to buy Rockwell Collins for $30 billion
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Boeing (BA) Boosts Forecast for New Airplane Demand in China
September 6, 2017 5:58 AM EDTBoeing (NYSE: BA), China's leading provider of commercial airplanes, projects a demand for 7,240 new airplanes in the country over the next 20 years valued at nearly $1.1 trillion dollars.
Boeing's annual China Current Market Outlook (CMO) was released today in Beijing, with total airplane demand rising 6.3 percent over last year's forecast.
"China's continuous economic growth, significant investment in infrastructure, growing middle-class and evolving airline business models support this long-term outlook," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "China's fleet size is expected to grow at a pace well above... More
Rockwell Collins (COL) and United Technologies (UTX): A Deal 30 Years in the Making
September 5, 2017 12:47 PM EDTAfter weeks of speculation, United Technologies (NYSE: UTX) announced late Sunday a definitive agreement to acquire Rockwell Collins (NYSE: COL) for $140 per share in cash and stock. The deal, years in the making, creates one of the world's largest aircraft component makers.
Rockwell Collins shareholders will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC's August 22, 2017 closing share price of $115.69. This price represents a 17.6 percent premium to Rockwell's undisturbed price of $119 on August 4, 2017.
While... More
Vertical Research Partners Downgrades United Technologies (UTX) to Hold
September 5, 2017 11:28 AM EDTVertical Research Partners downgraded United Technologies (NYSE: UTX) from Buy to Hold with a price target of $125.00.
Analyst Jeff Sprague sees limited upside near term as share repurchase is withdrawn and deal timing becomes an investor focus.
For an analyst ratings summary... More
Vertical Research Partners Downgrades Rockwell Collins (COL) to Hold Following Acquistion
September 5, 2017 4:55 AM EDTVertical Research Partners downgraded Rockwell Collins (NYSE: COL) from Buy to Hold with a price target of $140.00 (from $143.00).
Analyst Karl Oehlschlaeger does not expect a competing bid to emerge.
For an analyst ratings summary and ratings history on Rockwell Collins... More
