By Dana Mattioli, Joann S. Lublin and David Benoit

United Technologies Corp. is nearing a deal to buy Rockwell Collins Inc. for more than $20 billion, a tie-up that would create one of the world's biggest aircraft-equipment makers.

The companies are discussing a per-share price for Rockwell of $140 or less and could come to an agreement as soon as this weekend, according to people familiar with the situation. Rockwell shares closed at $127.99 Monday, giving the company a market value of $20.8 billion.

As with all acquisition talks, it is possible they could hit a snag and not result in a deal, or the expected price could change.

Thomas Gryta contributed to this article.

Write to Dana Mattioli at dana.mattioli@wsj.com, Joann S. Lublin at joann.lublin@wsj.com and David Benoit at david.benoit@wsj.com

(END) Dow Jones Newswires

August 29, 2017 11:29 ET (15:29 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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