United Technologies merger will require asset sale

Published July 26, 2012 1:59pm ET



WASHINGTON (AP) — The Justice Department said Thursday that United Technologies Corp. must sell some assets in order to proceed with its purchase of aerospace-parts maker Goodrich Corp. in an $18.4 billion deal that is the largest merger in aircraft industry history.

The sale that the department is requiring for the deal to go through involves assets used in the production of electrical power systems and aircraft engine control systems.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.