Wednesday, April 7, 2010 as of 11:14 AM ET
United Technologies Corporation (UTC) () is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut.
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(UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A deal size hasn't been determined, but a ratings action from Moody's Investors Service suggests the company proposed issuing $9.5 billion. A banker working on the deal expected it to be in the range of $8 billion to $10 billion. Syndicate desks still need to make a final call with United, one banker said.That would make it the largest deal of 2012 or 2011, according to Dealogic.Fitch Ratings notes the company plans to issue between $9 billion and $11 billion of debt to help fund the acquisition, which is expected to occur in mid-2012. The Hartford, Conn., company builds aircraft engines, helicopters, elevators, and other industrial systems.The offering comes on the same day that Pratt & Whitney, United's largest unit by net sales, said it would lay off 300 salaried employees in an effort to contain costs.The bond deal consists...FOX Business: The Power to ProsperDow futures fell from session highs as traders mulled a disappointing housing report and earnings from several corporate giants.Tod...
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United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
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United Technologies (NYSE:UTX) disclosed a stronger-than-expected profit for the first-quarter Tuesday, but the world's largest maker of elevators and air conditione...
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