Item 8.01. Other Events
Raytheon Technologies Corporation ("RTC" or the "Company") is filing this
Current Report on Form 8-K to provide pro forma financial information reflecting
the Separation, the Distributions and the Merger (all as defined below). As
previously reported, on April 3, 2020, the Company completed the previously
announced separation of its business into three independent, publicly traded
companies - Carrier Global Corporation ("Carrier"), Otis Worldwide Corporation
("Otis") and the Company (the "Separation"). The Separation was effected by the
distributions (the "Distributions") of all of the outstanding shares of common
stock of Carrier and all of the outstanding shares of common stock of Otis to
the Company's shareowners who held shares of the Company's common stock as of
the close of business on March 19, 2020. Also as previously reported, on April
3, 2020, following the completion of the Distributions and pursuant to the terms
and conditions of 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 ("Merger Sub"),
and Raytheon Company ("Raytheon"), Merger Sub merged with and into Raytheon (the
"Merger"), with Raytheon surviving the Merger as a wholly owned subsidiary of
the Company and each share of common stock of Raytheon outstanding as of the
effective time of the Merger (except for shares held by Raytheon as treasury
stock) was converted into the 2.3348 shares of Company common stock and, if
applicable, cash in lieu of fractional shares. At the effective time of the
Merger, the Company changed its name to "Raytheon Technologies Corporation". For
certain additional information relating to the completion of the Separation, the
Distributions and the Merger, please refer to the Current Report on Form 8-K
filed by the Company on April 8, 2020.
Included in this Current Report on Form 8-K are the unaudited pro forma combined
financial information of RTC reflecting the Separation, the Distributions and
the Merger, including the unaudited pro forma combined statement of operations
for the nine months ended September 30, 2020 and the year ended December 31,
2019, which are attached hereto as Exhibit 99.1 and incorporated by reference
herein.
Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
The unaudited pro forma combined financial information of RTC reflecting the
Separation, the Distributions and the Merger, including the unaudited pro forma
combined statement of operations for the nine months ended September 30, 2020
and the year ended December 31, 2019, are attached hereto as Exhibit 99.1 and
incorporated by reference herein.
(d) Exhibits.
Exhibit
Number Exhibit Description
Unaudited pro forma combined financial information of RTC for the nine
99.1 months ended September 30, 2020 and the year ended December 31,
2019 .
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded
within the Inline XBRL document.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses