offline
Rockwell Soars After United Tech Megadeal Gets China Approval
(Bloomberg) -- United Technologies Corp. secured approval in China for its $23 billion purchase of aerospace supplier Rockwell Collins Inc., clearing the final hurdle to complete a megadeal that was reached more than a year ago.
Rockwell’s shares jumped as much as 9.4 percent, the most in 7 years, on Friday, and United Technologies gained 3 percent. The decision, posted on China’s State Administration for Market Regulation’s website, comes as a relief to investors who were concerned that the megadeal could be held up as trade tensions between the U.S. and China intensify.
...
https://finance.yahoo.com/news/rockwell-...ccounter=1
![[Bild: chart.ashx?t=COL&ty=c&ta=0&p=w&s=l]](https://finviz.com/chart.ashx?t=COL&ty=c&ta=0&p=w&s=l)
(Bloomberg) -- United Technologies Corp. secured approval in China for its $23 billion purchase of aerospace supplier Rockwell Collins Inc., clearing the final hurdle to complete a megadeal that was reached more than a year ago.
Rockwell’s shares jumped as much as 9.4 percent, the most in 7 years, on Friday, and United Technologies gained 3 percent. The decision, posted on China’s State Administration for Market Regulation’s website, comes as a relief to investors who were concerned that the megadeal could be held up as trade tensions between the U.S. and China intensify.
...
https://finance.yahoo.com/news/rockwell-...ccounter=1
