Carlyle Sells Arinc To Rockwell Collins In $1.39B Deal

Law360, New York (August 12, 2013, 2:51 PM EDT) -- In an effort to expand and diversify its business in the aviation industry, Rockwell Collins Inc. has struck a $1.39 billion cash deal to take over information system manufacturer Arinc. Inc. from The Carlyle Group, Rockwell announced Sunday.

Rockwell plans to finance a major chunk of the deal with debt — much of it long-term to take advantage of low interest rates — with the rest being covered by the issuance of new commercial paper, Patrick Allen, Rockwell Collins' senior vice president and chief financial officer,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.