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GenCorp To Divest Liquid Divert And Attitude Controls Business As Part Of Rocketdyne Deal

Defense Daily Staff Defense Daily Staff
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GenCorp Inc. [GY] said Tuesday evening that it is preparing to sell its Liquid Divert and Attitude Controls (LDACS) businesses to comply with federal antitrust requirements as part of the company’s pending acquisition of United Technologies Corp.’s [UTX] rocket engine business. GenCorp said that it has received a modification to the request for additional information from the Federal Trade Commission (FTC) related to its acquisition of Rocketdyne from UTC’s Pratt & Whitney division. The FTC’s investigation of the deal is…

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