The …
The EU Commission has given the green light to the merger of Raytheon and United Technologies (UTC); however, the approval comes with several conditions. The decision clears one of the last hurdles in the way of the merger of the defence and aerospace giants, which will see the companies’ business groups streamlined and the divestment of a number of businesses to satisfy international authorities.
The European Union clears United Technologies' (UTX +0.4%) planned acquisition of Raytheon (RTN +1.3%), after the companies met conditions for approval.
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Raytheon by United Technologies Corporation (UTC).
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