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RTN - United Technologies Deal: An Excellent Move By Raytheon
Raytheon Company
In an effort to create shareholder value and improve their competitive positions, both Raytheon Company (RTN) and United Technologies (UTX) agreed the other day to merge in an all-stock transaction. This maneuver by the firms will create a massive player in the defense and aerospace market, placing them second in size among US firms, with only Boeing (BA) ahead of it. Assuming management’s own forecast for the combined firm ends up coming out right, the picture for shareholders here will be positive, for both companies, but the biggest winner,