United Tech Responds to Third Point Criticism of Planned Raytheon Deal - MarketWatch -BoardProspects

United Tech Responds to Third Point Criticism of Planned Raytheon Deal

MarketWatch Jun 28 2019 BoardNews

United Technologies Corp. UTX, +1.06% said Friday it does not agree with a letter from hedge fund Third Point LLC released early Friday that questions the strategic rationale behind its proposed merger with Raytheon Co. RTN, -2.39% "While we welcome the opinions of all of our shareowners, we do not agree with the assertions and conclusions in the Third Point letter," the company said in a statement...
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1. While we welcome the opinions of all of our shareowners, we do not agree with the assertions and conclusions in the Third Point letter.
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- Ciara Linnane