Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

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.

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...
aerospaceAmericasBusinesscompany acquisitionConnecticutdefensedefense applicationsGoodrich Corp.homeland securityimaginglight speedMarshall LarsenNorth CarolinaphotonicsUnited Technologies Corp.UTC

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x Subscribe to Photonics Spectra magazine - FREE!
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.