M&A Review: United Technologies SELLS Rocketdyne, Dell BUYS Quest

Here are Monday’s top mergers and acquisitions:

United Technologies Corporation (NYSE:UTX) divests its Rocketdyne division to GenCorp, Inc. (NYSE:GY) for $550 million, as the former concentrates upon selling off its non-core units and focuses on closing its $16.5 billion Goodrich purchase. The firm will use the proceeds from the sale to repay a portion of the debt it took on to acquire Goodrich.

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Synergy Pharmaceuticals, Inc. (SGYP) acquires Callisto Pharmaceuticals, which is a development stage bio-pharmaceutical firm that primarily concentrates upon the development of medications to treat gastrointestinal disorders and diseases.

The Federal Trade Commission okays Dell, Inc. (NASDAQ:DELL) to purchase the systems management software supplier Quest Software, Inc. (NASDAQ:QSFT). Observers are not surprised by the move, since Dell’s share of the systems management market is quite small compared to that of competitors IBM and Hewlett-Packard. The acquisition of Quest should aid Dell’s ambitions for turning its software operations into a $5 billion per year business, along with offering integrated hardware and software solutions for virtualization deployments.

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