United Tech Eyes Asset Sales To Aid Goodrich Buy
June 11 2012 - 9:40PM
Dow Jones News
United Technologies Corp. (UTX) has offered to sell assets to
secure EU approval for its $16.5 billion takeover of U.S. aircraft
components manufacturer Goodrich Corp. (GR), the Reuters news
agency reported Monday on its website, citing two unnamed sources
familiar with the situation.
United Technologies has proposed divestments, the sources said
in the report.
"All regulatory filings are on track and we continue to
anticipate timing of close in line with what we have previously
communicated," spokesman John Moran was quoted in the report as
saying. "Beyond that we cannot comment on the details of the
regulatory review."
Goodrich was unavailable for comment, the report said.
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