Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  United Technologies Corporation    UTX

UNITED TECHNOLOGIES CORPORATION

(UTX)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

United Technologies : After Finding Love For Himself, Bill Ackman Is Now Making It Harder For Others To Hook Up

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/12/2019 | 03:31pm EDT

Why you gotta c-block the United Technologies/Raytheon merger, Bill?

When Bill Ackman found a new romance, a new wife, a new baby, and new investment mojo, we rejoiced. Because who doesn't love love?

The Ackmanaissance is about finding the right person to connect with so that your true self might be rejuvenated and reborn. After making mistakes on his own, Bill is now luxuriating the confidence that comes from a partnership and it's a wondrous thing to see. Again, who doesn't love love?

Well, apparently a very selfish fellow named Bill Ackman...

Per WSJ:

William Ackman, a big United Technologies Corp. shareholder who earlier pushed the industrial giant to streamline its business, is now urging the company to call off its planned megamerger with Raytheon Co., which he says makes no strategic sense.

The activist investor sent an email to United Technologies Chief Executive Greg Hayes early Sunday morning after The Wall Street Journal reported on the impending deal. He wrote that he was “extremely concerned” about the combination, according to a copy of the email seen by the Journal. The companies confirmed their plan to merge later Sunday.

Wow, what's your damage, bro? If these two want to get together, who are you to stop them?

Executives billed the deal as a merger of equals that would allow them to cut costs, share technology and protect against a slowdown in demand.

See, Mr. Neri Oxman? They have a plan and they want to be together. Does their love threaten your love?

Mr. Ackman begged to differ.

It “makes no sense to us why you would consider a stock acquisition using today’s massively undervalued UTC common stock to buy a large business of inferior quality to the company’s existing businesses, and for which we cannot comprehend the strategic logic,” Mr. Ackman wrote. He added that if United Technologies followed through with the deal, Pershing Square would oppose it, publicly if needed...

Why not just say "I'm not ready for other people to be happy"? You're literally the only one who wants to keep these two apart...

The market reaction to the proposed merger hasn’t been very positive. Both stocks initially rose on the news Monday morning but sold off after executives laid out the rationale for the combination on a conference call that left some analysts unconvinced. President Trump also expressed concern about the deal.

Oh...well then. So are you more of a courageous cockblock then, Bill?

That's a new role, but we'll see where this goes.

Ackman Opposes United Technologies-Raytheon Deal [WSJ]

(c) 2019 Breaking Media, Inc. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
RAYTHEON -1.78% 180.7 Delayed Quote.19.42%
UNITED TECHNOLOGIES CORPORATION -0.58% 129.38 Delayed Quote.20.91%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNITED TECHNOLOGIES CORPOR
09:41aUNITED TECHNOLOGIES : Names Successor for Pratt & Whitney President
DJ
09:01aUNITED TECHNOLOGIES : Announces Future Leadership of Pratt & Whitney
PR
06/20Apple, Keurig Dr Pepper, Dollar Tree, Fitbit press U.S. to drop China tariff ..
RE
06/20Apple, Keurig Dr Pepper, Dollar Tree, Fitbit press U.S. to drop China tariff ..
RE
06/20BOEING : Under pressure, plane industry vows cleaner flight - someday
AQ
06/20UNITED TECHNOLOGIES : Under pressure, plane industry vows cleaner flight _ somed..
AQ
06/20UNITED TECHNOLOGIES : Collins Aerospace to Improve the Passenger Processing Expe..
AQ
06/20Aerospace executives look on bright side of United Tech, Raytheon deal
RE
06/20Airbus, Engine Suppliers at Odds Over Plane Production
DJ
06/20UNITED TECHNOLOGIES : The Valuation Conundrum in the United Tech-Raytheon Merger..
DJ
More news
Financials ($)
Sales 2019 77 253 M
EBIT 2019 10 397 M
Net income 2019 6 047 M
Debt 2019 37 819 M
Yield 2019 2,28%
P/E ratio 2019 17,83
P/E ratio 2020 15,54
EV / Sales 2019 1,94x
EV / Sales 2020 1,81x
Capitalization 112 B
Chart UNITED TECHNOLOGIES CORPORATION
Duration : Period :
United Technologies Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED TECHNOLOGIES CORPOR
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 151 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Gregory J. Hayes Chairman, President & Chief Executive Officer
Michael R. Dumais Executive Vice President-Operations & Strategy
Akhil Johri Chief Financial Officer & Executive Vice President
Paul Eremenko Chief Technology Officer & Senior Vice President
Christine Todd Whitman Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
UNITED TECHNOLOGIES CORPORATION20.91%109 390
LOCKHEED MARTIN CORPORATION37.48%97 354
NORTHROP GRUMMAN CORPORATION31.27%52 118
RAYTHEON19.42%49 313
GENERAL DYNAMICS12.86%47 129
HARRIS CORPORATION46.47%22 427