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United Technologies (UTX) and Raytheon (RTN) released their joint merger prospectus on September 10. As a reminder of what current shareholders will receive if they hold their shares until the merger closes:
Raytheon shareholders will receive 2.3348 shares of a company to be named Raytheon Technologies (RTX). This company will consist of all of current Raytheon plus the current aerospace businesses of United Technologies.
UTX shareholders will receive one share of the new RTX, plus shares of each of the spin-off companies Otis and Carrier. While the prospectus
