Mergers and Acquisitions Review: Shell Looks At PAPUA, United Technologies Completes ACQUISITION

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Here are Thursday’s top stories:

InterOil Corporation (NYSE:IOC) shares soar on rumors that Royal Dutch Shell (NYSE:RDS.A) is considering an offer for the firm’s Papua New Guinea exploration licenses.

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The European Commission and United States authorities have conditionally okayed United Technologies Corporation’s (NYSE:UTX) $16.5 purchase of Goodrich, with the buyer required to divest some power generation and aircraft engine controls operations. United must give Rolls Royce an option to acquire its lean-burn fuel-nozzle research and development project, as well. The transaction, which is closing at once, will add approximately $8 billion to the purchaser’s annual revenues and reinforce its presence on Boeing and Airbus jets.

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