- The U.S. Justice Department says it will require Transdigm (TDG +0.6%) to divest two businesses - SCHROTH Safety Products GmbH and SCHROTH Safety Products - it acquired from Takata in February for $90M.
- The DoJ says the divestitures are necessary to restore competition in markets for several types of restraint systems used on commercial airplanes, as the deal would have eliminated TDG's most significant competitor in the field.
TransDigm must divest airplane restraint businesses, DoJ says
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TransDigm Group Incorporated |