In a move aimed at helping it finance its $18.4 billion acquisition of aircraft equipment maker Goodrich, United Technologies Corporation said Thursday it will sell its Hamilton Sundstrand Industrial subsidiary to a pair of private equity firms. The announcement came the day before the Justice Department said it will grant the Goodrich deal antitrust approval provided UTC sheds additional assets. Wachtell and Crowell & Moring have been advising UTC on antitrust issues related to the Goodrich deal.
UTC's Goodrich Buy Nears Closing With $3.46 Billion Pumps Unit Sale, Conditional DOJ Approval
The Am Law Daily
July 26, 2012
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.