Onex & GS Lead Raytheon Race

Raytheon Co. (NYSE: RTN) is in advanced talks to sell its Raytheon Aircraft Co. unit to Onex Corp. and Goldman Sachs, according to Bloomberg. The company had retained Credit Suisse in July to explore “strategic alternatives” for the unit, and reportedly has received bids from Onex, The Carlyle Group and Cerberus Capital Management. The unit is expected to be valued at between $2.75 billion and $3.25 billion.