Failed UTC Purchase Would Cost Rockwell $695M

Rockwell Collins would have to pay United Technologies a fee equal to $695 million if Rockwell tries to find a better buyer, according to a Sept. 6 federal regulatory filing. Other conditions would trigger the breakup fee, too, Rockwell told shareholders in a Securities and Exchange Commission...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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