Goodrich merges with industrial conglomerate United Technologies for $18.4 billion
Client(s) Goodrich Corporation
Jones Day advised Goodrich Corporation in its $18.4 billion merger with United Technologies Corp., marking a major milestone for the company and strengthening its position in the commercial aerospace industry. Goodrich will be combined with Hamilton Sundstrand to create the new UTC Aerospace Systems business unit, headquartered in Charlotte, North Carolina.
The increased scale, financial strength and complementary products resulting from the Goodrich acquisition significantly advance United Technologies' aerospace leadership at a time when the commercial aerospace industry is poised for growth.
In addition to M&A representation, Jones Day provided antitrust, employee benefits, regulatory, and tax representation regarding this transaction.