DOJ Agrees To UTC/Rockwell Collins Merger
Similar to European regulators, DOJ is calling for divestiture of overlapping ice protection and actuator businesses.

The Department of Justice (DOJ) has agreed to sign off on United Technology Corp’s (UTC) $30 billion proposed acquisition of Rockwell Collins provided that two of their overlapping businesses are divested, the government agency announced yesterday.  This marks one of the final key approvals remaining for the deal to close, with clearance from Chinese authorities now remaining. UTC chairman and CEO Gregory Hayes told investors last month that he expected Chinese approval shortly after DOJ clearance.


Loading…