Raytheon, United Technologies Get Final Merger Blessings
By Colin Kellaher
Raytheon Co. and United Technologies Corp. Monday said they have
received all necessary regulatory approvals for their all-stock
merger of equals and expect to close the deal before the opening of
The companies said that immediately prior to the closing, United
Technologies will effect the spinoffs of its Otis Worldwide Corp.
and Carrier Global Corp. businesses into separate publicly traded
United Technologies last year struck a $135 billion deal to
combine its Collins Aerospace and Pratt & Whitney units with
Raytheon Co. to create Raytheon Technologies Corp., which will be
one of the world's largest aerospace companies.
The companies said Raytheon Technologies shares will begin
trading Friday under the symbol RTX, while Carrier will trade under
the symbol CARR and Otis will trade under the symbol OTIS.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
March 30, 2020 10:09 ET (14:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.