The European Commission said on Friday it approved the merger of The Raytheon Co. and United Technologies Corp., conditional on the divestiture of a remedy package.
"The Commission concluded that vertical links between UTC and Raytheon's activities did not result to harm to competition, mainly...
United Technologies Corp. said on Tuesday that its net sales grew 8% on an annual basis in the last quarter of 2019 to reach $19.55 billion. Meanwhile, GAAP earnings per share (EPS) surged 59% on the year to $1.32, as adjusted EPS slid 1% to $1.94. Operating profit totaled $1.85 billion in three...
Cash generation in the three months through September was "robust," United Technologies Corp. said on Tuesday in its earnings report. The diversified industrial producer based in Farmington, Connecticut, earned $1.33 per diluted share, a drop of 13.6% year over year and a surprise to the downside,...
Rockwell Collins continues to exceed expectations after the acquisition, United Technologies Corp. said in its earnings report for the three months through June and raised the outlook for the full year. The diversified industrial producer based in Farmington, Connecticut, earned $2.2 per diluted...
Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the proposed merger between United Technologies and Raytheon.
"We have concluded that the proposed combination of United Technologies and Raytheon is ill-conceived and unlikely to create value...
United Technologies Corp. (UTC) shareholder William Ackman sent a letter to the company to protest its planned merger of equals with Raytheon Co., the Wall Street Journal reported. The owner of Pershing Square Capital Management claimed a "substantial majority" of other investors will protest if...
United States President Donald Trump said he is "concerned" about the merger between Raytheon and United Technologies as the deal will create less competition in the defense industry.
Trump claimed that the merger will create one "big, fat, beautiful company" but will result in less choice in an...
Shares of Raytheon Co. jumped more than 8% on Monday after it agreed to a merger with United Technologies Corp. late on Sunday.
The company's stock was up 8.39% in premarket trade to go for $15.59 per share at 7:58 am ET. The two companies previously announced that they agreed to an...
Raytheon Co. and United Technologies Corp. announced they agreed to an all-stock merger.
The merger of equals will result in a company that would combine the aerospace experience of United Technologies with Tomahawk missile maker Raytheon. "The transaction will create a premier systems...
Raytheon Co. and United Technologies Corp. are currently in negotiations to merge in an all-stock agreement, the Wall Street Journal reported over the weekend.
Reportedly, the two companies, which have a combined market value of $166 billion, may announce a deal in the next few days if the talks...
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