The Wall Street Journal reported on the planned takeover by the US concern United Technologies Corp. (UTC). The subject of the transaction is the largest manufacturer of the aviation equipment Rockwell Collins. The deal amounts to 23 billion US dollars.
It became known that a price of $ 140 per Rockwell Collins share had been supposed under the terms of the transaction. Out of this amount, 93.33 US dollars will be paid in cash; the rest of the sum equal to 46.67 US dollars will be received in shares.
At the close of the transaction, Rockwell Collins’ capitalization was $ 21.2 billion, and the stocks were being traded for $ 130.7.
Long-running rumors of the takeover have positively affected the dynamics of the shares value of the high-tech company. So, since the beginning of this year, the shares growth of the company Rockwell Collins has totaled 40%.
After the absorption, the company UTC will certainly become a leader among equipment suppliers for all the world’s leading aircraft manufacturers (primarily, it’s about the eternal competitors – Boeing and Airbus). This is not the first takeover in the market. Recently, Rockwell Collins has absorbed the company B / E Aerospace, whose profile is the production of interior and sanitary equipment for airliners. The deal has amounted to 8.6 billion US dollars.
Analysts expect that after the completion of the acquisition, UTC will start the foundation of a separate company that will unite all the stages of the production of aviation and aerospace equipment.
At the moment the American concern UTC can boast of the annual revenue of $ 57 billion. The company employs about 200,000 people, working in 70 countries. The company is not only among the top suppliers for airliners, but it also produces elevators under the Otis brand, Hamilton Sundstrand life support systems, fire safety equipment, air conditioners and heating systems.
At present, the sum of the deal on the acquisition of Rockwell Collins by UTC has become the record for the entire history of the aerospace sector.
The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade