Raytheon Technologies Corporation has announced the completion of the all-stock merger of equals transaction with United Technologies Corporation, the company said.
The merger follows United Technologies´ completion of spin-offs of its Carrier and Otis businesses.
Raytheon Company shares ceased trading prior to the market open on April 3, 2020, and each share of Raytheon common stock has been converted in the merger into the right to receive 2.3348 shares of United Technologies common stock.
Upon closing of the merger, United Technologies´ name has changed to Raytheon Technologies Corporation, and its shares of common stock began trading on the NYSE under the ticker symbol RTX.
United Technologies shareowners will continue to hold their shares of United Technologies common stock, which now constitute shares of common stock of Raytheon Technologies Corporation.
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises four industry-leading businesses — Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.