Tag Archives: NYSE

Leonardo Eyes IPO for US-Based DRS Subsidiary

Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …

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Brian O’Toole: BlackSky-Osprey Technology Merger Seeks to Accelerate GEOINT Delivery Mission

Herndon, Virginia-based geospatial intelligence provider BlackSky and Osprey Technology Acquisition Corp. (NYSE: SFTW) have agreed to join forces in a business combination deal worth potentially $1.5 billion, or $10 per share. Both parties expect to close the merger transaction in July and intend for the combined entity to trade under …

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Raytheon Technologies Kicks Off Trading on NYSE; Greg Hayes, Thomas Kennedy Quoted

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Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.

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UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

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UTC Board OKs Carrier, Otis Spinoffs; Greg Hayes Quoted

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The board of directors of United Technologies Corp. (NYSE: UTX) approved the spinoffs of its Carrier and Otis subsidiaries into two independent companies and expects to complete the separations on April 3. "Executing the separations of Carrier and Otis is also a major milestone to completing the merger of UTC's aerospace businesses with Raytheon to create Raytheon Technologies,” Greg Hayes, chairman and CEO of UTC, said in a statement published Wedneday.

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Jacobs Unveils New Brand, Tagline to Reflect Strategic Transformation; Steve Demetriou Quoted

Jacobs Engineering Group (NYSE: JEC) has launched a new brand and logo and adopted the tagline “Challenging today. Reinventing tomorrow.” to mark its transition from an engineering and construction firm to a global technology-driven platforms company and reflect its diverse and inclusive perspectives.

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