June 8, 2019 / 9:50 PM / 17 days ago

Raytheon and United Technologies in talks to merge -WSJ

June 8 (Reuters) - Raytheon Co and United Technologies Corp are in talks to merge in an all-stock deal, the Wall Street Journal reported on Saturday, citing a person familiar with the matter.

The combination, expected to be billed as a merger-of-equals, would not affect United Technologies’ existing plans to spin off its Otis elevator and Carrier building-systems businesses into separate companies, the Journal said.

Raytheon and United Technologies could not be immediately be reached for comment.

Reporting by Rama Venkat in Bengaluru Editing by Leslie Adler

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