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Edward Jones

UTC An Ardent Suitor In Rockwell Collins Deal

UTC An Ardent Suitor In Rockwell Collins Deal

United Technologies Corp., eager to add a significant aerospace components manufacturer to its portfolio, was an ardent suitor of Rockwell Collins Inc., according to company documents filed with regulators.

Gregory Hayes, UTC’s chief executive officer, approached Rockwell Collins’ CEO in January, beginning seven months of negotiations, according to a filing by the two companies with the U.S. Securities and Exchange Commission. The Farmington-based UTC increased its proposed purchase price three times, though it rejected one counteroffer as too pricey.

UTC, which also makes Otis elevators, Carrier heating and cooling equipment and building security systems, said it would...