The European Commission (EC) has opened an in-depth investigation into United Technology Corp.’s (UTC) proposed acquisition of Goodrich after its preliminary investigation indicated potential competition concerns, the EC said Tuesday.
The European Commission (EC) has opened an in-depth investigation into United Technology Corp.’s (UTC) proposed acquisition of Goodrich after its preliminary investigation indicated potential competition concerns, the EC said Tuesday. UTC announced in September 2011 that it intended to buy Goodrich for $16.5 billion (ATW Daily News, Sept. 23, 2011). The EC said it is concerned that removing Goodrich as an independent supplier of fuel nozzles and engine controls, especially for ...
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