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William Ackman, a major shareholder of United Technologies Corp. which had previously pushed the industrial giant to streamline its operations, now urges the company to cancel its project to mégamerger with Raytheon Co., which, according to him, has no strategic sense.
The activist investor sent an email to United Technologies chief executive Greg Hayes early Sunday morning after the Wall Street Journal reported on the impending deal. He wrote that he was "extremely concerned" by the combination, according to a copy of the e-mail seen by the …
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