Deals
United Technologies’ Goodrich Bid Faces In-Depth EU Probe
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United Technologies Corp. faces an in-depth probe by European Union regulators into its bid to buy Goodrich Corp. for $16.5 billion amid concerns the deal may harm competition for engine controls and AC power generators.
The European Commission extended its deadline to rule on the deal until Aug. 9 to examine it in greater detail, according to an e-mailed statement. The company said it remains confident the purchase will close by mid-year.