Tag Archives: rockwell collins acquisition

Rockwell Collins Special Meeting Over Acquisition | Aviation NewsIt has been announced that Rockwell Collins shareowners voted overwhelmingly in favour of the UTC acquisition in the special meeting that took place earlier this month. More than 96% of the votes cast during the meeting were cast in support of the proposition, which represented over 72% of all shares of common stock.

Kelly Ortberg, President and CEO of Rockwell Collins said, ‘Shareowners have made clear their support for this acquisition, bringing it one step closer to reality. As Collins Aerospace, we’ll be a stronger company, with attractive aerospace product and service portfolios, and ultimately, better positioned for long-term success.

Now the proposed acquisition will require regulatory approval, and customary closing condition will need to be met, but the transaction to create the new UTC business, Collins Aerospace Systems, is expected to be completed before the end of the year.

Rockwell Collins Special Meeting Over Acquisition | Aviation NewsFollowing the recent announcement of Rockwell Collins’ proposed acquisition by United Technologies Corp., a special meeting of shareholders is to take place on January 11, 2018, when a vote will be taken on the proposals in connection with the deal.

The details are currently lodged with the Securities and Exchange Commission in the form of a definitive proxy statement and prospectus filed by the two companies at the beginning of December. All Rockwell Collins shareholders will be entitled to vote, providing they were on record by the end of play on December 8, 2017. This document will be sent separately to shareholders directly.

This special meeting will handle the shareholder vote only, and will not affect the scheduled Annual Meeting of Shareowners on February 1, 2018.