The Chinese MOFCOM approves US-based company’s takeover of a competitor with divestment in the production and sale of aviation equipment (United Technology Corp / Goodrich)

On 15 June 2012, MOFCOM announced that it had conditionally approved the proposed USD 18.4 billion acquisition of Goodrich Corporation (Goodrich) by United Technology Corporation (UTC), both US-based companies active in the production and sale of aviation equipment on a worldwide basis. Review process: MOFCOM received the parties’ notification on 12 December 2011 but formally accepted the notification on 6 February 2012 after MOFCOM was satisfied that the notification materials were complete. MOFCOM’s anti-monopoly review entered into Phase II on 2 March 2012 and then a further 60-day

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Authors

  • University of Melbourne
  • China Competition Bulletin (Beijing)
  • Institute of American Studies (Beijing)

Quotation

Allan Fels, Xiaoye Wang, Jessica Su, The Chinese MOFCOM approves US-based company’s takeover of a competitor with divestment in the production and sale of aviation equipment (United Technology Corp / Goodrich), 15 June 2012, e-Competitions June 2012, Art. N° 74346

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