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Third Point to vote against United Technologies-Raytheon deal

( June 28, 2019, 14:39 GMT | Official Statement) -- MLex Summary: Activist fund Third Point has stated its opposition to the merger of United Technologies and Raytheon and plans to vote against the deal in its current form. The announcement follows earlier criticism from fellow investor Pershing Square. In a letter to United Technologies' board, Third Point CEO Daniel Loeb argued the deal lacked strategic or financial rationale and was instead a case of "empire building" on the part of management.Letter follows below:...

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