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 trading Friday.

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 companies.

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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

March 30, 2020 10:09 ET (14:09 GMT)

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