COL/UTX: Remedy Proposal Resolves Complainant’s Concerns in China

Event Driven Takeaways
 

• Sources involved in the review of United Technologies’ proposed acquisition of Rockwell Collins by China's State Administration for Market Regulation, or SAMR, continue to believe that the transaction has not been held up by the regulator because of the escalating Sino-U.S. trade tensions.
• The latest concessions proposed by United Technologies for its Rockwell Collins acquisition have resolved a complaint previously filed by a third party with China’s State Administration for Market Regulation, or SAMR, Event Driven has learned.

Sources involved in the review of United Technologies’ proposed acquisition of Rockwell Collins by China's State Administration for Market Regulation, or SAMR, continue to believe that the transaction has not been held up by the regulator because of the escalating Sino-U.S. trade tensions, citing SAMR's continued interaction with relevant parties.

Additionally, the latest remedy proposal by United Technologies for its proposed acquisition of Rockwell Collins has resolved concerns previously raised to China's State Administration for Market Regulation, or SAMR, by a third-party complainant, Event Driven has learned. The third party has no plans to raise further issues regarding the deal to the regulator, which recently surveyed industry players if they have additional questions about the deal.

United Technologies has refiled its notification of the transaction with the Chinese regulator, buying more time for the agency to assess the combination after it failed to reach a decision by the end of June.

Event Driven’s previous coverage of this transaction is HERE.

--Yonnex Li