Ackman Opposes United Technologies-Raytheon Deal

Date : 06/11/2019 @ 9:30PM
Source : Dow Jones News
Stock : United Technologies Corp. (UTX)
Quote : 132.39  1.09 (0.83%) @ 12:59AM

Ackman Opposes United Technologies-Raytheon Deal

United Tech (NYSE:UTX)
Historical Stock Chart

2 Months : From May 2019 to Jul 2019

Click Here for more United Tech Charts.
By Cara Lombardo 

William Ackman, a big United Technologies Corp. shareholder who earlier pushed the industrial giant to streamline its business, is now urging the company to call off its planned mega-merger with Raytheon Co., which he says makes no strategic sense.

The activist investor sent an email to United Technologies Chief Executive Greg Hayes early Sunday morning after The Wall Street Journal reported on the impending deal. He wrote that he was "extremely concerned" about the combination, according to a copy of the email seen by the Journal. The companies confirmed their plan to merge later Sunday.

Doug Cameron and Thomas Gryta contributed to this article.

 

(END) Dow Jones Newswires

June 11, 2019 16:15 ET (20:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest UTX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.