Boeing Acquisition of Aviall Moves Closer

 - September 11, 2006, 5:56 AM

Dallas-based Aviall, one of the largest independent distributors of parts for business aircraft, said the European Commission “has not raised any antitrust issues” related to the proposed acquisition by Boeing, and “therefore cleared the transaction to proceed.” Antitrust clearance in the U.S. was received in June and all other regulatory approvals that are needed have now been obtained, said Aviall. A special meeting of Aviall’s stockholders is scheduled for September 19 to vote on the transaction, “with closing expected to occur shortly thereafter.” Boeing disclosed in May that it had an agreement to buy Aviall for $1.7 billion.