EU Grants Conditional Approval of Raytheon Acquisition by UTC
March 13 2020 - 11:19AM
Dow Jones News
By Kim Richters
The European Commission said Friday that it has approved the
takeover of Raytheon Co. by United Technologies Corp. on certain
conditions.
The approval of the potential deal between the two U.S. defense
and aerospace companies is conditional on the sale of a remedy
package, the authority said.
UTC is expected to divest its military GPS receiver and
anti-jamming business, while Raytheon is expected to sell its
military airborne radios business.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 13, 2020 11:04 ET (15:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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