Rockwell Collins shares jump as China approves United Technologies deal

Rockwell Collins shares jump as China approves United Technologies deal

Simon Dawson | Bloomberg | Getty Images A United Technologies Corp. Pratt & Whitney PurePower PW1000G engine. United Technologies received a key antitrust approval from China on Friday for the industrial giant’s purchase of aircraft parts maker Rockwell Collins. Rockwell Collins shares jumped 9.2 percent in trading, closing at $141.63 a share, while United Technologies’ stock rose 2.7 percent to $129.04 a share. Shareholders were concerned that the deal would become a victim of the trade war between United States and China since the Chinese government’s decision was delayed from…

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