UK antitrust regulator says Safran's remedies may resolve concerns on Collins deal
Safran has offered to substantially sell all of its business in the design and production of Trimmable Horizontal Stabilizer Actuator systems, the Competition and Markets Authority (CMA) said. The CMA added it would now consider Safran's undertakings in more detail, including seeking third-party feedback, and if satisfied, will clear the deal. Reuters reported on Wednesday, citing people with direct knowledge of the matter, that the EU antitrust regulators are set to approve Safran's $1.8 billion bid for Collins Aerospace's flight controls business.