Rockwell Collins, Inc. (COL)

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COL "to be sold to United Technologies in $23 billion deal"

"A swift corporate courtship culminated Monday in Rockwell Collins Inc. agreeing to be sold to United Technologies Corp. for $23 billion in cash and stock — one of the largest deals in aerospace industry history.

Industry and analyst speculation surfaced about a potential megadeal Aug. 5. With United, based in Farmington, Conn., agreeing to take over $7 billion in Rockwell debt, the total value of the purchase is $30 billion.

The deal, which requires regulatory and shareholder approval, is projected to close in the third quarter of 2018."