China grants conditional approval to United Technologies' (UTX) $16.5B takeover of Goodrich...

|About: Goodrich Corporation (GR)|By:, SA News Editor

China 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.