An investigation on behalf of investors of Raytheon Company (NYSE: RTN) in connection with the proposed takeover was announced and NYSE: RTN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/20/2019 -- An investigation was announced concerning whether the takeover of Raytheon Company is unfair to NYSE: RTN stockholders.
Investors who purchased shares of Raytheon Company (NYSE: RTN) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Raytheon Company breached their fiduciary duties owed to NYSE: RTN investors in connection with the proposed acquisition.
Waltham, MA based Raytheon Company develops integrated products, services, and solutions for the defense and other government markets worldwide. On June 9, 2019, Raytheon Company (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have entered into an agreement to combine in an all-stock merger of equals. Under the terms of the agreement Raytheon shareowners will receive 2.3348 shares in the combined company for each Raytheon share.
However, given that at least one analyst has set the high target price for NYSE: RTN shares at $265.00 per share, the investigation concerns whether the offer is unfair to Raytheon Company (NYSE: RTN stockholders. More specifically, the investigation concerns whether the Raytheon Company (NYSE: RTN Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Raytheon Company reported that its annual Total Revenue rose from over $25.34 billion in 2017 to over $27.05 billion in 2018 and that its Net Income grew from over $2.02 billion in 2017 to over $2.9 billion in 2018.
Shares of Raytheon Company (NYSE: RTN) traded in April 2018 as high as $228.81 per share.
On June 19, 2019, NYSE: RTN shares closed at $179.08 per share.
Those who are current investors in Raytheon Company (NYSE: RTN) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.