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  • eggplant101 eggplant101 Oct 22, 2012 10:02 PM Flag

    8-k filing // Amended UTX agreement

    Smells like some DOJ problems. Does anyone know what Liquid Divert and Attitude Control Systems are, and how material they are to the whole agreement?

    And, looks like they pushed back the deal's drop dead date. Is there a backup buyer for Rocketdyne that UTX can turn to if this deal breaks?

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    • the closing must be soon, rocketdyne just laid off another 1-200 people. not much more than a shell at this point, sitting in very expensive buildings that areojet has to lease until they can consolidate/layoff more.

      Sentiment: Sell

    • thaad missile defense support is about 10% of each company, spinning it off wouldnt be hard since BAE systems would like it.
      This whole deal seems like a setup since aerojet cant really afford it. It looks like UTX asked their favorite banks to set up a buyer in the first place, which they did, and it fell through, aerojet was the backup, if it falls through then some other buyer will be found. who wouldnt want to buy an aerospace company for $50 million down?

      Sentiment: Sell

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