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China grants conditional approval to United Technologies' (UTX) $16.5B takeover of Goodrich...
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Friday, June 15, 2012, 8:10 AM ETChina grants conditional approval to United Technologies' (UTX) $16.5B takeover of Goodrich (GR), saying the aircraft parts maker will need to divest its electrical power generation and transmission systems businesses and sell 60% of its Aerolec joint venture with Thales Avionics. European regulators are also examining the deal.
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