h digitalfootprint web 728x90

UTC-Raytheon merger to be final on Friday


Corridor Business Journal: Raytheon and United Technologies Corp. will complete their merger on Friday after receiving all regulatory approvals needed, creating the new Raytheon Technologies Corp. that will trade under the ticker symbol RTX. The last full day of trading in shares of Raytheon Co. will be Thursday, and upon closing of the merger Friday, each share of Raytheon Co. stock will be converted into the right to receive 2.3348 shares of Raytheon Technologies. The new stock will begin trading Friday. The Collins Aerospace business of the new company will continue to operate in Iowa; however, its military GPS business will be sold to BAE Systems.

Facebook Notice for EU! You need to login to view and post FB Comments!

jca brd 120122 300x250