Raytheon and United Technologies in merger talks: WSJ - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 09/06/2019 12:51:00
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Raytheon and United Technologies in merger talks: WSJ via SABCNewsOnline

According to the newspaper the two companies - which together have a market value of roughly $166 billion - could announce an all-stock deal in the next few days.

According to the newspaper the two companies – which together have a market value of roughly $166 billion – could announce an all-stock deal in the next few days.A person familiar with the matter told the newspaper that United Technologies is likely to own a majority of the combined company. But the proposed merger is not expected to affect plans by United Technologies to streamline by spinning off its Otis elevator and Carrier building-systems business into separate companies, expected to happen next year.

A United Technologies-Raytheon merger has long been speculated on by analysts and investors as the two companies operate mainly in different segments, meaning a deal is likely to attract less scrutiny from regulators than other mergers between big defense players.

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