Raytheon and United Technologies obtain all approvals to close merger of equalsChristian Fernsby ▼ | March 30, 2020
Raytheon Company and United Technologies Corporation announced that they have received the necessary regulatory approvals for their all-stock merger of equals.
Raytheon and United They expect to close the merger on Friday, April 3, 2020
Topics: Raytheon United Technologies
Upon the closing of the merger, United Technologies will be renamed Raytheon Technologies Corporation, and its common stock will trade on the NYSE under the ticker symbol "RTX."
The last full day of trading in the shares of Raytheon Company is expected to be Thursday, April 2, 2020, and upon the closing of the merger on Friday, April 3, 2020, each share of Raytheon Company common stock will be converted into the right to receive 2.3348 Raytheon Technologies shares.
The first day of trading for Raytheon Technologies shares is expected to be Friday, April 3, 2020. ■