NEW YORK, Sept. 12, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Rockwell Collins Inc.
("COL" or the "Company") (NYSE: COL) in connection with the proposed acquisition of the Company by United Technologies
Corporation ("UTX") (NYSE: UTX). On September 4, 2017, the companies issued a joint press
release announcing a definitive agreement for UTX to acquire all outstanding shares of COL in a cash-and-stock transaction valued
at approximately $30 billion. Under the terms of the agreement, the Company's shareholders
will receive $93.33 in cash and $46.67 in UTX shares for each COL
share they own, for a total per-share consideration of $140.00.
WeissLaw is investigating whether COL's Board acted to maximize shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $145.00, or $5.00
above the per-share consideration. Additionally, the per-share consideration only offers COL shareholders a meagre 3%
premium over the Company's August 29 trading price of $135.31.
Moreover, according to UTX's Chairman and CEO, "[t]his acquisition adds tremendous capabilities to [UTX's] aerospace business
and strengthens [its] complementary offering of technologically advanced aerospace systems. . . Together, Rockwell Collins and
[UTX] Aerospace will enhance customer value in a rapidly evolving aerospace industry."
Given these facts, WeissLaw is investigating whether COL's Board acted in the best interests of COL's public shareholders and
whether they will obtain their fair proportionate share of the Company's continued success and future growth prospects. If
you own COL shares and would like more information about your rights or our investigation, or if you have information to share
with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email
at stockinfo@weisslawllp.com .
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief
in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or fill out
the form on our website, http://www.weisslawllp.com/rockwell-collins-inc /
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SOURCE WeissLaw LLP