Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 14, 2019

Article Excerpt

UNITED TECHNOLOGIES CORP., $125.30, New York symbol UTX, completed its acquisition of Rockwell Collins on November 26, 2018, for $30.6 billion in cash and stock (including that firm’s debt). Rockwell is a leading maker of aircraft components such as cabin interiors, computerized flight controls and air-to-ground communications equipment. The company has now agreed to merge with Raytheon Co. (New York symbol RTN), a leading maker of electronic systems for military aircraft and radar systems. It’s also the world largest maker of guided missiles. Under the terms of the deal, Raytheon shareholders will receive 2.3348 shares in the combined company for each share they hold. United Technologies shareholders will own 57% of the new company—called Raytheon Technologies Corp. (New York symbol RTX)—and Raytheon investors will own the remaining 43%. Raytheon Technologies will be the world’s third-biggest aerospace-and-defence company after Boeing Co. (see below) and Europe’s Airbus SE (Over-the-Counter Pink Sheets symbol EADSF); it should have pro-forma 2019 revenue of $73.6 billion (54% from defence…