UTC receives final approval for Rockwell Collins buy

By Marjorie Censer / November 26, 2018 at 9:30 AM

United Technologies said late last week it has received the final regulatory approval required to close its purchase of Rockwell Collins.

"Today's conclusion of the regulatory review by China's State Administration for Market Regulation clears the way for United Technologies to proceed with the proposed acquisition announced on September 4, 2017," the company said. "The acquisition is expected to close within three business days."

In September, United Technologies said the deal would boost its annual sales range to $67 billion to $68 billion.