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"The deal, a so-called merger of equals, wouldn’t

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bar1080   Saturday, 06/08/19 11:22:57 PM
Re: None
Post # of 139 
"The deal, a so-called merger of equals, wouldn’t close before 2020, when United Technologies expects to complete the separation of the elevator and air conditioning businesses, the person said. If completed, United Technologies shareholders are expected to have a majority with about 53% of the new company, while Raytheon’s would own 47%, the person added.

United Technologies would have eight board seats and Raytheon would have seven, said the source."

https://www.cnbc.com/2019/06/08/raytheon-and-united-technologies-are-in-talks-to-merge-wsj.html

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