China‚Äôs AVIC International is to buy U.S. general-aviation engine manufacturer Continental Motors from Teledyne Technologies for $186 million in cash. Anticipated growth in the Chinese general aviation market is cited as reason for the purchase. The acquisition of Mobile, Ala.-based Continental and its service centers requires U.S. government anti-trust and foreign-investment clearance as well as Chinese government approval, but is expected to close in the first quarter of 2011, says ...
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