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Senator Grassley Comments on Rockwell Collins Acquisition

Iowa Senator Chuck Grassley says it’s still unclear whether there may be any anti-trust issues that derail the deal. Avionics maker Rockwell Collins, headquartered in Cedar Rapids, is being purchased by Connecticut-based rival United Technologies for 23-billion dollars. The companies expect the deal to close by the third quarter of 2018, subject to approval from Rockwell Collins shareowners and regulators. Rockwell reportedly has about seven-billion dollars in debt, pushing the deal to be valued at 30-billion dollars.

First found on: kmch.com