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Stockholders OK UTC Buyout

Photonics Spectra
Jun 2012
Goodrich Corp. shareholders have approved the acquisition of Goodrich by United Technologies Corp. (UTC). Goodrich investors will receive $127.50 in cash for each share of common stock they own, a 47.4 percent premium to the closing stock price in September, when news of the acquisition reached the market. The transaction is valued at $18.4 billion, including $1.9 billion in net debt assumed. Upon completion of the acquisition, Goodrich will become a wholly owned subsidiary of the Hartford, Conn.-based UTC, and its operation will remain at its base in Charlotte, N.C. The merger is set to be completed by mid-year.



GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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