Deals Rumor Mill: Sikorsky, EBay, Russell Investments

By Linda Chiem (July 9, 2015, 8:27 PM EDT) -- Lockheed Martin Corp. and Textron Inc., two aerospace and defense contracting giants, are the final contenders to buy United Technologies Corp.'s helicopter unit, Sikorsky Aircraft Corp., which could be valued at around $8 billion, Reuters reported Thursday. United Technologies said last month that it would sell or spin off Sikorsky to focus on core businesses, and is now weighing offers from the two companies and may pick a buyer by month's end, according to the report. But it's not a sure thing just yet, because United Technologies could still change its mind on a sale and instead spin off Sikorsky to shareholders in a tax-free deal, the report said. With a $60 billion valuation, Lockheed is the larger of the two suitors. Textron, whose market capitalization is closer to $12 billion, has reached out to private equity firms to put together a cash bid for Sikorsky, Reuters said....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!