Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Stock of the Day: United Technologies (UTX)

Video Credit: The Street - Duration: 01:50s - Published < > Embed
Stock of the Day: United Technologies (UTX)

Stock of the Day: United Technologies (UTX)

Raytheon and United Technologies have announced an all-stock merger to form an aerospace and defense giant that will be known as Raytheon Technologies Corporation.

Importantly, it is believed that the deal will not require Chinese regulatory approval and should face little scrutiny from the Department of Justice, as there is little overlap in sales between the two companies, making any need for divestments minimal.

Per the terms of the deal, Raytheon shareholders will get just over 2.3 shares in the new company for each share of Raytheon and is not expected to impact United Technologies plans to spin off Otis, their elevator division, or Carrier, their air conditioning unit.

Shares of United Technologies are down just over 1%, while Raytheon shares are up close to 1% on Monday Morning.

Real Money will be providing in-depth coverage on the merger all day and for Jim Cramer's take get over to TheStreet's Facebook page where he will be discussing it live from the floor of the NYSE at 10am EST.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer on Netflix's Earnings, and His Three Keys for Earnings Season [Video]Jim Cramer on Netflix's Earnings, and His Three Keys for Earnings Season

Happy almost Friday! Jim Cramer breaks down what investors need to know when it comes to Netflix , earnings season and how he's looking at the markets. Cramer's Thoughts on the Markets Here's what..

Credit: The Street     Duration: 10:48Published

Jim Cramer: What CSX Earnings Tell Investors About the U.S. Economy [Video]Jim Cramer: What CSX Earnings Tell Investors About the U.S. Economy

Real Money Stock of the Day CSX reported its second quarter earnings following the closing bell on July 16. The third-largest U.S. rail operator fell sharply after missing on the top and bottom line..

Credit: The Street     Duration: 01:10Published

What Jim Cramer's Paying Attention to in JPMorgan Chase's Earnings Report [Video]What Jim Cramer's Paying Attention to in JPMorgan Chase's Earnings Report

Earnings season has officially kicked off. Tuesday morning saw earnings from banks such as Real Money stock of the day JPMorgan Chase and Goldman Sachs . JPMorgan reported that net income in the..

Credit: The Street     Duration: 01:17Published

Jim Cramer Breaks Down JPMorgan's Earnings, Stocks He's Watching and the Markets [Video]Jim Cramer Breaks Down JPMorgan's Earnings, Stocks He's Watching and the Markets

It's an earnings bonanza. Jim Cramer's weighing in on JPMorgan Chase's earnings, the stocks that he's got his eye on and what he's watching closely in the markets. All Eyes on the Markets Real Money..

Credit: The Street     Duration: 08:44Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.