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UTC, Raytheon Deal Set To Close In Early April

Cal Biesecker By
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UTC, Raytheon Deal Set To Close In Early April
Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

United Technologies Corp. [UTX] on Thursday said it expects to close its merger with Raytheon [RTN] on April 3, once the divestitures of its Carrier and Otis operating segments are completed. The company said “when issued” trading of Carrier and Otis as separate publicly traded companies is set to begin on March 18 with the distribution date for both company’s shares anticipated to be April 3. “Executing the separations of Carrier and Otis is also a major milestone to completing…

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