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KM Financial Solutions | UPDATE 2-Hedge fund chief Daniel Loeb opposes United Technologies, Raytheon merger
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UPDATE 2-Hedge fund chief Daniel Loeb opposes United Technologies, Raytheon merger

27 Jun UPDATE 2-Hedge fund chief Daniel Loeb opposes United Technologies, Raytheon merger

Posted at 18:53h in News by
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Billionaire investor Daniel Loeb
said on Friday that his hedge fund Third Point LLC will vote
against the planned merger of United Technologies Corp
and Raytheon Co, saying there is no “strategic rationale
for this transaction.”

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