Talk:RTX Corporation
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Proposing Merge with United Technologies
United Technologies Corporation was renamed to Raytheon Technologies Corporation after the merge of its subsidiary Light Merger Sub Corp. with Raytheon Company. Raytheon Technologies Corporation is not a new company: "On April 3, 2020, Raytheon Technologies Corporation (formerly known as United Technologies Corporation) (the “Company” or “RTC”) issued a press release announcing the completion of the Merger (as defined below) contemplated by the Agreement and Plan of Merger, dated as of June 9, 2019, and amended as of March 9, 2020, by and among the Company, Light Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of the Company, and Raytheon Company, a Delaware corporation (“Raytheon”), pursuant to which Merger Sub merged with and into Raytheon (the “Merger”), with Raytheon surviving as a wholly owned subsidiary of the Company. In connection with the Merger, the Company’s name was changed to Raytheon Technologies Corporation and its common stock is listed on the New York Stock Exchange under the symbol “RTX.”" [1]
D00kSI (talk) 17:44, 13 June 2020 (UTC)
- Oppose Merge - The merger is considered a "merger of equals", not an acquisition. Legally, they chose to keep It as UTC, but in all practicality, they are different companies. UTC included Carrier and Otis, which were spun off before the merger. - BilCat (talk) 18:43, 13 June 2020 (UTC)
I am not certain how you evaluate whether the company is the same or not but Raytheon Technologies Corporation has the same IRS Number 06-0570975 as United Technologies Corporation had. This makes them legally the same entity. The merged entities were Light Merger Sub Corp (a subsidiary of United Technologies Corporation) and Raytheon Company (different company) with Raytheon Company as the surviving company. As a result, Raytheon Company became a subsidiary of United Technologies Corporation. The latter was then renamed to Raytheon Technologies Corporation (that why it is formerly known as United Technologies Corporation). [2] D00kSI (talk) 14:49, 14 June 2020 (UTC)
- None of this is unusual. There generally is a nominal survivor in mergers, even of equals. Yet for Wikipedia Wikipedia's purposes, we often cover the merged incarnation separately. Even then, it's on a case by case basis. - BilCat (talk) 21:31, 14 June 2020 (UTC)