BRUSSELS (Reuters) - EU antitrust regulators are set to give conditional approval to U.S. aerospace and industrial company United Technologies Corp's $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.
The deal, announced in September last year and the largest in aerospace history, would create a new player in the top echelon of suppliers to Boeing, Airbus, Bombadier and other plane makers.
UTC has offered to sell assets to address the European Commission's concerns, the people said.
(Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app