Goodrich enters agreement with Macquarie Bank to divest airframe heavy maintenance business
(CAPA) Goodrich Corporation has entered into a definitive agreement
to sell its airframe heavy maintenance business, Goodrich Aviation Technical
Services (ATS) to Macquarie Bank Limited. The transaction has been approved
by the Board of Directors of Goodrich. Subject to customary regulatory approvals,
the sale is expected to close in the fourth quarter this year. Financial terms
were not disclosed. ATS will be reported as a discontinued operation starting
with the reporting of third quarter 2007 results.
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