UTC-Raytheon merger to be final on Friday
BPC Staff Apr 1, 2020 | 5:38 pm
<1 min read time106 wordsAll Latest News, Iowa News, Manufacturing & Logistics
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.