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United Tech to acquire Rockwell Collins for $23B

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United Technologies Corp. will create an aerospace giant with its $23 billion proposal to buy Rockwell Collins Inc.

The combined company's product line would include Rockwell Collins’s touchscreen cockpit displays and jet engines built by Pratt & Whitney, a division of United Technologies.

Rockwell Collins shareholders are slated to receive $140 per share in cash and stock.

Read more from Bloomberg.

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