Goodrich shares up on sale rumors

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Shares of Charlotte-based Goodrich Corp. soared in after-hours trading Friday following reports that United Technologies Corp. is in negotiations to buy the aerospace company.

The Hartford, Conn.-based conglomerate could purchase Goodrich in a deal valued at $110 to $125 per share, CNBC reported. Goodrich shares climbed about 21 percent to $112 in after-market trading after rising 7 percent to close at $92.89 earlier in the day.

A deal could be announced as early as next week, CNBC reported, citing sources close to the situation. “We have no comment on any speculation,” Goodrich spokeswoman Lisa Bottle told the Observer.

Full story: Goodrich shares up on sale rumors | & The Charlotte Observer Newspaper.

Kells Hetherington