United Technologies is lining up financing in the double-digit billions of dollars to support a major acquisition in the U.S., according to two people with direct knowledge of the matter.
One source initially said the U.S. industrial conglomerate was planning to tap the credit market for funds that could top $20 billion, but CNBC has learned the company's financing will be well below that amount.
Who will it be:
- Goodrich (GR)?
- Ingersoll Rand (IR)?
- Rockwell Collins (COL)?
- Tyco International (TYC)? (not likely, IMO)
- Honeywell (HON)? (not likely, IMO)
Something less expected:
- TXT
- JOYG
Possibly a private company:
- Liebherr
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM