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Third Point Sends Letter to United Technologies Corporation's Board of Directors

Jun 28, 2019 - Business Wire

Third Point LLC ("Third Point") (LSE: TPOU), a global alternative investment firm managing approximately $15 billion in assets on behalf of public institutions, private entities and qualified individual clients, today sent a detailed letter to United Technologies Corporation's ("UTC") (NYSE: UTX) Board of Directors (the "Board") laying out its concerns over UTC's proposed merger with Raytheon Company ("Raytheon"). In its correspondence, Third Point urged the Board to re-evaluate the contemplated...