LOS ANGELES --

Industrial corp United Technologies Corp. is purchase aerospace concern Goodrich Corp. in a care valued at $18.4 billion, including the hypothesis of $1.9 1000000000 in debt.

The care had been rumored for days, sending Goodrich's shares soaring. The hit was up more than 11 proportionality to $122 in aftermarket trading after articulate of the care poor New Wednesday.

United Technologies said it will clear $127.50 a care in change for Goodrich, which is supported in Charlotte, N.C., and has 27,000 employees.

The amount care continuance amounts to a 16 proportionality payment over Goodrich's approaching hit toll weekday of $109.49. It's a 47 proportionality payment above the stock's toll terminal Thursday, before articulate of a pending care prototypal leaked.

Hartford, Conn.-based United Technologies said it expects to direction the care finished a compounding of debt and by supply stock. The justness factor of the care is due to be most 25 proportionality of the transaction, the consort said.

United Technologies owns Carrier vaporisation and cooling, discoverer elevator, plane engine concern Pratt & discoverer and another businesses.

It said it anticipates that the compounded companies will hit period income of most $66 billion, as United Technologies strengthens its function in the aerospace and accumulation industries when it takes on Goodrich. United Technology is forecasting 2011 income of $58 billion. Goodrich is due to hit 2011 income of around $8 billion.

"Goodrich delivers on every of our acquisition criteria," gladiator Chenevert, United Technologies' chair and CEO, said in a statement.

Under the cost of the deal, United Technologies is forming an aerospace playing organisation that will be supported in metropolis and led by Goodrich Chairman, President and CEO histrion Larsen.

In a statement, Larsen said the care delivers unmediated change continuance to Goodrich's shareholders at a payment that reflects the capableness of its business.

Goodrich shares gained $12.51, or 11.4 percent, to $122 in aftermarket trading. They slipped $2.33, or 2.1 percent, during the lawful trading session.

United Technologies' shares fell 87 cents to $74 in aftermarket trading. The hit slipped $1.14 to modify the lawful conference at $74.87.

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