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Empresas y finanzas

United Tech to buy Goodrich for $16.4 billion: report


    (Reuters) - United Technologies Corp has reached a $16.4 billion cash deal to acquire aircraft components maker Goodrich Corp , the Wall Street Journal said in its online edition on Wednesday, citing a source familiar with the matter.

    United Tech is paying $127.50 a share for Goodrich, the report said, a 47 percent premium over the stock's closing price last Thursday, before Reuters first reported that negotiations were underway.

    United Tech plans to sell $4.2 billion in stock and suspend share repurchases through next year to maintain its credit rating, the Journal said.

    JPMorgan Chase is leading a $15 billion loan package for the deal, with HSBC Holdings and Bank of America Corp also involved in the financing, the paper reported.

    The deal, if completed, would be the diversified U.S. manufacturer's largest takeover in a decade.

    It would boost United Tech's presence in the commercial aviation business, as Goodrich supplies a host of parts to both European aerospace conglomerate EADS's Airbus division and to Boeing Co .

    It also supplies parts for Hartford, Connecticut-based United Tech's Pratt & Whitney jet engines and Hamilton Sundstrand's aircraft electronics.

    It would be a big move for United Tech Chief Executive Louis Chenevert, who had long said he was interested in doing more deals but was having a hard time coming to terms with targets on price.

    Goodrich will become a part of United Tech's Hamilton Sundstrand unit, with Goodrich CEO Marshall Larsen running the division, the Journal reported.

    United Tech and Goodrich could not immediately be reached for comment.

    (Reporting by Paritosh Bansal in New York; Editing by Richard Chang)