Successful Merger Clearance of United Technologies Corporation’s Acquisition of Raytheon

  • Recent Matters
  • 2020.04.03
From 2019 to 2020, Yoon & Yang LLC successfully represented United Technologies Corporation, the world’s largest aerospace equipment supplier, in the KFTC’s merger review investigation into its acquisition of Raytheon Company, the world’s top manufacturer of guided missiles and missile defense systems, which resulted in KFTC’s unconditional approval on March 11, 2020.  Subsequently, on April 3, 2020, the transaction was closed for about USD 52,000,000,000, which is the largest M&A in the aerospace and defense industry.  With this transaction, the new merged company changed its name to Raytheon Technologies Corporation, which became the second-largest aerospace and defense company in the world, and spun off its major businesses, Otis Elevator and Carrier.
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