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Spinoff Report
UTX: Merger with Raytheon Does Not Affect Spinoff Plans
Today's (June 10) major news of United Technologies Corp.'s (UTX) merger with Raytheon Co. (RTN) will create one of the biggest and most powerful aerospace companies in the country, and will pair UTX's Pratt & Whitney jet engines and Collins Aerospace businesses with RTN's missile defense systems and cybersecurity solutions. Critically, the merger does not disrupt the plans for UTX's three-way break-up of its Otis Elevators and Carrier Corp. segments, scheduled for 1H 2020.

  • Newly Announced Merger with Raytheon Co. (RTN) Does Not Affect 1H 2020 Spinoff Plans
  • Three-Way Separation Creates Long-Term Shareholder Value / Updated Combined SOTP Valuation
  • Spinoff Entities are Otis Elevators Business & Carrier Buildings Business
  • Post-Merger Business to be Named Raytheon Technologies Corp. / UTX Shareholders to Own 57%
  • Spinoffs Expected to be Completed 1H 2020 / UTX is Currently on the Upcoming US Spinoffs Calendar
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