Reports: United Technologies eyes Goodrich buy

AP News
Posted: Sep 16, 2011 6:55 PM
Reports: United Technologies eyes Goodrich buy

Shares of Goodrich Corp. are soaring on reports that United Technologies Corp. is exploring a takeover of the aerospace manufacturer.

CNBC and Bloomberg News reported Friday that United Technologies has set its sights on Charlotte, N.C.-based Goodrich as part of a plan to expand through acquisitions. The reports cited people with knowledge of the matter.

Calls to Goodrich and United Technologies were not immediately returned late Friday.

The prospect of a takeover sent Goodrich shares 21 percent in aftermarket trading to $112. The shares ended the regular trading session up 7.4 percent at $92.89.

Shares of Hartford, Conn.-based United Technologies were unchanged in aftermarket trading after sliding 11 cents to $75.50 during the regular session.