December 21, 2017 / 4:46 PM / a month ago

U.S. Justice Department requires TransDigm to divest two businesses

WASHINGTON, Dec 21 (Reuters) - The U.S. Justice Department said on Thursday that it would require TransDigm Group Inc to divest two businesses the organization acquired from Takata Corp.

The department, in a statement, said the move was necessary because the $90 million deal would have eliminated TransDigm’s most significant competitor in the airplane restraint system field. (Reporting by Tim Ahmann and Makini Brice; Editing by Susan Heavey)

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