On Aug. 4, a press report caused a Friday night stir when it reported that United Technologies Corp. (UTC) (covered by our colleague, Jeff Sprague) is “weighing an acquisition” of Rockwell Collins. The report cited “people familiar with the matter,” adding that there is no certainty the deliberations would lead to a transaction, and it is not clear if talks are even occurring. Although Rockwell Collins’s stock price spiked up the following Monday, neither ...

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