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Dennis Kozlowski

M&A pickup among U.S. conglomerates may be undercut by prices

When United Technologies Corp paid more than $16 billion to buy plane parts-maker Goodrich Corp about two years ago, the U.S. conglomerate's biggest-ever takeover raised some eyebrows for its rich valuation.But that is nothing compared to what a buyer would need to cough up today for Rockwell Collins Inc , a similar airplane components maker deemed by Morningstar to be one of the most likely takeout candidates in the industrials sector.While United Tech paid 12.4 times Goodrich's trailing operating earnings at the time, according to Thomson Reuters data, Rockwell's shares now trade at about that level, without any deal premium baked into the price. Takeout premiums among industrials companies averaged about 25 percent last year.Such is the dilemma facing United Tech, 3M Co , Honeywell International and other diversified manufacturers that are eager to bolster their businesses through deals and yet may hesitate as the rising stock market drives prices higher."There are a lot of companie...

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  1. Do CEOs’ wealth make them the target of prosecutors?

    Former HealthSouth CEO Richard Scrushy on his past legal issues and former Tyco CEO Dennis Kozlowski .

  2. What can CEOs learn from Dennis Kozlowski ?

    ‘Taking Down the Lion’ author Catherine Neal on former Tyco CEO Dennis Kozlowski .

  3. Was Kozlowski convicted because of his wealthy lifestyle?

    ‘Taking Down the Lion’ author Catherine Neal on former Tyco CEO Dennis Kozlowski .

  4. Was Dennis Kozlowski ’s imprisonment an injustice?

    Judge Andrew Napolitano weighs in on the Dennis Kozlowski imprisonment and parole announcement.

  5. D.C. votes to boost minimum wage

    D.C. Councilman (D) Vincent Orange on Wal-Mart’s new stores and the minimum wage fight in the nation’s capital.

  6. What is the relationship between religion and politics?

    The Daily Beast’s Kirsten Powers on rediscovering her faith and the relationship between religion and politics.

  7. Did Kozlowski’s prison time clean up corporate America?

    FBN’s Stuart Varney weighs in on Dennis Kozlowski ’s parole news and corporate greed in 2013.

  8. Can investors gain from energy sector?

    Russell & Co. President Robert Russell and SFG Alternatives CIO Larry Shover on the outlook for the markets.

  9. Former Tyco CEO Kozlowski to be released on parole

    Claman on Call: FBN’s Liz Claman with an after-hours web-exclusive on the markets, commodities, and former Tyco CEO Dennis Kozlowski ’s parole, solar energy, and the video game console wars.

  10. Former Tyco CEO Kozlowski To Be Released From Jail

    Former Tyco CEO Dennis Kozlowski will be released on parole after serving more than eight years in prison for corporate fraud, according to news reports. A New York ...

  11. Disgraced Ex-Tyco CEO Kozlowski Wins Parole

    Former Tyco International (NYSE:TYC) CEO Dennis Kozlowski was granted parole on Tuesday after serving 100 months in prison for stealing some $150 million from the co...

  12. Tyco Swings to 4Q Profit, Hikes Dividend

    Tyco International (NYSE:TYC) swung to a profit in the fourth quarter, a year after the industrial conglomerate's results were impacted by the extinguishment of debt...

  1. Kerik: Could have done a better job as Homeland Security chief

    Former NYC Police Commissioner Bernard Kerik on his Secretary of Homeland Security nomination, serving in prison and the need to reform the criminal justice system.

  2. Tyco International 1Q earnings

    Earnings HQ: FBN’s Jo Ling Kent breaks down Tyco International ’s first-quarter earnings report.

  3. OPINION: Truth and Justice Eluded Former Tyco Execs Kozlowski and Swartz

    Over the past two decades, our addiction to cell phones ended our need for public pay phones. As a result, there are no more telephone booths.For those of us who gre...

  4. Was Tyco's Kozlowski punished for being wealthy?

    'Taking Down the Lion' author Catherine Neal explains why she believes former Tyco CEO Dennis Kozlowski was unfairly treated for his lavish spending and lifestyle.

  5. Kozlowski’s attorney: Dennis looks forward to a new life

    Carter Ledyard & Milburn Partner Alan Lewis on Dennis Kozlowski ’s parole and future after prison.

  6. Can the new Mustang accelerate Ford’s sales?

    Claman on Call: FBN’s Liz Claman with an after-hours web-exclusive on the markets, Ford and Dennis Kozlowski ’s parole.

  7. Dennis Kozlowski : Scoundrel or Scapegoat?

    There are two things I love to do in bed: eat nuts and read. Never mind what you thought I was going to say. Anyway, about ten years ago, while loudly chomping away ...

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