Raytheon, United Technologies Up After Merger Deal
June 10 2019 - 8:15AM
Dow Jones News
By Michael Dabaie
Raytheon Co. (RTN) shares were up 10% premarket to $205 Monday
morning after Raytheon and United Technologies Corp. (UTX) agreed
to merge in an all-stock deal.
United Technologies shares were up about 4% to $137
premarket.
The combined company, valued at more than $100 billion after
planned spinoffs, would be the world's second-largest
aerospace-and-defense company by sales behind Boeing Co. (BA), with
annual revenue of about $74 billion this year.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
June 10, 2019 08:00 ET (12:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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