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United Tech nears deal to buy Rockwell Collins -WSJ
August 29, 2017 / 3:36 PM / 3 months ago

United Tech nears deal to buy Rockwell Collins -WSJ

Aug 29 (Reuters) - United Technologies Corp, which makes Pratt and Whitney engines and Otis Elevators, is nearing a deal to buy aircraft component maker Rockwell Collins Inc for more than $20 billion, the Wall Street Journal reported, citing people familiar with the matter.

The companies are discussing a per-share price for Rockwell of $140 or less and could come to an agreement as soon as this weekend, the WSJ said. ( (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)

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