Raytheon, United Technologies in Talks to Merge

[ETJ]

https://www.reuters.com/article/us-...hnologies-in-talks-to-merge-wsj-idUSKCN1T90T0

 

[IAS_LLC]

Lots of rtn folks are pissed about this one.

 

[newwurldmn]

Lots of rtn folks are pissed about this one.

I bet. There will be massive layoffs especially at the Corp office. Rockwell did it to BE. Utc did it to Rockwell.

The guppies eating the minnows.

 

[IAS_LLC]

I don't think there will be much for layoffs. RTN has been desperate for talent to execute contracts that are already on the books. Can't hire fast enough. If they "consilidate" any of the businesss units, it will be SAS and IIS. IDS and RMS aren't going anywhere

 

[IAS_LLC]

And I can't spell

 

[dealmaker]

Third Point Tells United Technologies that it Opposes Raytheon Merger (Reuters)
BOSTON (Reuters) – Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp (UTX.N) and Raytheon Co (RTN.N), saying there is no “strategic rationale for this transaction.” “We have concluded that the proposed combination of United Technologies and Raytheon is ill-conceived and unlikely to create value for UTC shareholders,” Loeb wrote in a letter to the board of directors at United Technologies. Reuters saw a copy of the letter.