TransDigm Abandons Proposed Acquisition of Stellant Systems in Response to Justice Department’s Decision to Block Transaction: Abandoned Deal Would Have Eliminated Competition Between Manufacturers of Mission-Critical Defense Radar Components
“This Justice Department will rigorously investigate and challenge mergers that create monopolies and harm competition. Our decision to put a stop to this deal preserved critical competition that protects American taxpayers and warfighters,” said
@ASGWoodward. “We are grateful to our War Department partners who were crucial to this investigation.”
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