WILMINGTON, Del., June 10, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
- Do you own shares of Raytheon Company (NYSE: RTN)?
- Did you purchase any of your shares prior to June 9, 2019?
- Do you think the proposed merger is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Raytheon Company (“Raytheon” or the “Company”) (NYSE: RTN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with United Technologies Corporation (“United”) (NYSE: UTX). Under the terms of the agreement, shareholders of Raytheon will receive 2.3348 shares of the combined company for each Raytheon share. Upon completion of the merger, United and Raytheon shareholders will own approximately 57% and 43% of the combined company's stock, respectively.
If you own common stock of Raytheon and purchased any shares before June 9, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com