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UTX - United Technologies: Q2 Earnings Spins Merger And More - Bringing Investors Up To Speed
Raytheon Technologies
Introduction:
It has been a busy 9 months for United Technologies (UTX). The company concluded a strategic review of the business last fall and decided to spin off Otis and Carrier (click here to see the list of upcoming spin-offs) as well as closed the $30 billion Rockwell Collins acquisition. Then, in June, the company announced the merger with Raytheon (RTN) in an all-stock deal, in which its currency, UTC RemainCo stock, does not yet trade. Needless to say, this whirlwind of events has made it difficult for investors to keep up