EU approves UTC-Raytheon merger – TeleTrader.com

The European Commission said on Friday it approved the merger of The Raytheon Co. and United Technologies Corp., conditional on the divestiture of a remedy package.

“The Commission concluded that vertical links between UTC and Raytheon’s activities did not result to harm to competition, mainly because the merged entity would have neither the ability nor the incentives to restrict competitors’ access to essential input or to a sufficient customer base,” the announcement said.

The merger was announced last June.



Breaking the News / NI



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