DEALTALK-M&A pickup among US conglomerates may be undercut by prices
March 21, 2014 at 13:21 PM EDT
NEW YORK, March 21 (Reuters) - When United Technologies Corp paid more than $16 billion to buy plane parts-maker Goodrich Corp about two years ago, the U.S. conglomerate's biggest-ever takeover raised some eyebrows for its rich valuation.