United Technologies released that all remaining regulatory approvals related to the proposed acquisition of Goodrich Corporation have been obtained. The conclusion of the regulatory review by the U.S. Department of Justice and the European Commission clears the way for United Technologies to proceed with the proposed acquisition announced on Sept. 21, 2011. The acquisition is expected to close by the end of the week. In line with previous expectations, the regulatory clearances require that UTC sell Goodrichโs Electric Power Systems business and Goodrichโs Connecticut-based Pumps and Engine Controls business. Also as expected, UTC will sell Goodrichโs interest in Aero Engine Controls (AEC), a joint venture with Rolls-Royce. The AEC aftermarket business will remain with UTC, but Rolls-Royce will have ability to purchase this aftermarket business in the future.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada