Goodrich (GR) shares are surging today on reports that United Technologies (UTX) is prepared to buy the company. Shares of Goodrich as well as Rockwell Collins (COL) and Textron (NYSE:TXT) rose along with the speculation on which company was the target. Reuters and CNBC reported late Friday that the target was in fact Goodrich. CNBC says the deal negotiations value Goodrich at $110 to $125 per share, and a deal announcement could come as soon as this week. Reuters noted that Goodrich supplies electronic braking and other systems to Boeing (NYSE:BA) for its 787 Dreamliner, which is scheduled to enter the delivery stage soon.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.