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UTX - United Technologies: Still Undervalued Based On Spinoff Presentations
Raytheon Technologies
Introduction
United Technologies (UTX) subsidiaries Carrier and Otis held their first analyst presentations this week. They will become publicly traded companies in April when UTX spins them off and merges the remaining aerospace businesses with Raytheon (RTN). The spinoffs and merger should occur on the same day or very close. Current shareholders will end up with the following securities if they hold their shares until the merger closes:
UTX shareholders will receive one share of the new merged company Raytheon Technologies (RTX), one share of Carrier, and 0.5 share of Otis.