Air Transport World

United Technologies Corp.(will acquire Sunstrand Corp)

United Technologies Corp. will acquire Sunstrand Corp. in a 50/50 cash/stock deal valued at around $4.3 billion. Sundstrand will be combined with UTC's Hamilton Standard division with the merged entity called Hamilton Sundstrand. Sundstrand Chairman and CEO Robert Jenkins becomes chairman of the new unit while Hamilton Standard President Ray Kurlak is president. …

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