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Saturday, September 17, 2011 1:46:15 PM
[Goodrich (GR) was up 7% on Friday, FWIW.]
http://online.wsj.com/article/SB10001424053111904491704576576530607074612.html
›SEPTEMBER 17, 2011, 10:14 A.M. ET
By GINA CHON
United Technologies Corp. is in talks to acquire aircraft systems maker Goodrich Corp., people familiar with the matter said, as the conglomerate looks to bulk up its operations.
The talks were advanced enough that United Technologies has had serious discussions with banks about securing $15 billion in financing for a deal, the people said.
Precise terms under discussion couldn't be learned. No deal had been signed, and the talks could still fall through, the people said.
United Technologies, which has been open this year about its interest in growing via acquisitions, is also looking at other potential targets, the people said.
Spokesmen for the companies weren't immediately available to comment.
Goodrich had a market capitalization of around $11.6 billion at Friday's close. United Technologies, a much bigger company, had a market value of some $68.6 billion.‹
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