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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.310-1.9%2:10 PM EST

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To: richardred who wrote (2737)9/16/2011 1:38:40 PM
From: richardred  Read Replies (2) of 6147
 
Tyco, aerospace stocks jump on UTC takeover talk
By Shawn Langlois


TYC IR UTX COL

SAN FRANCISCO (MarketWatch) -- Tyco International Ltd. /quotes/zigman/542280/quotes/nls/tyc TYC +3.14% shares jumped 6% to top all S&P 500 advancers on Friday, rallying along with Ingersoll-Rand Co. Ltd. /quotes/zigman/556949/quotes/nls/ir IR +2.06% on a report that United Technologies Corp. /quotes/zigman/244482/quotes/nls/utx UTX -0.47% is in the process of raising funds for a big acquisition. Market speculation triggered by the Reuters story put both Tyco and Ingersoll-Rand in the industrial conglomerate's crosshairs during early trading. The report also mentioned Rockwell Collins Inc. /quotes/zigman/285426/quotes/nls/col COL +9.57% , which helped push the stock up more than 4%. United Technologies shares slipped fractionally to $75.35.

marketwatch.com
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