Wednesday, September 21, 2011

Goodrich Corp. = Done Deal???

Wow, Bloomberg is reporting that Goodrich Corp. (Ticker: GR) has agreed to be acquired by United Technologies Corp. (Ticker: UTX) for $127.50 in cash. This was much more than I had hoped for as I was just looking for something in the range of $115 or so. I loaded up on more Goodrich today at $110.38 with an average price of $108.67, which equates to a potential return of 17%. I was planning on purchasing more tomorrow with the expected cash proceeds from a recently completed merger, but this news kind of changes things. Can't get too greedy...


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