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
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