Activist Investor Loeb Slams United Technologies-Raytheon Deal

The transcript discusses a controversial deal involving United Technologies, highlighting concerns from activists like Bill Ackman and Dan Loeb. They argue the deal lacks strategic and financial rationale, focusing instead on size and scale. The discussion also touches on potential impacts, including shareholder opposition and minimal regulatory risks, while emphasizing the influence of activists despite their small stakes.

What was the main concern expressed by the board member about the deal?

• It was supported by all shareholders.

• It lacked strategic and financial rationale.

• It was too small in scale.

• It was a regulatory risk.

Which activists are mentioned as having concerns about the deal?

• Warren Buffett and Carl Icahn

• Bill Ackman and Dan Loeb

• Elon Musk and Jeff Bezos

• Mark Cuban and Richard Branson

What is the primary issue activists have with the deal?

• It is too environmentally friendly.

• It is too innovative.

• It focuses on size and scale without strategic sense.

• It is supported by all stakeholders.

What could have a meaningful impact on the deal according to the transcript?

• Opposition from Boeing or Airbus

• Support from small investors

• Increased stock prices

• Approval from the government

What is considered the biggest threat to the transaction?

• Support from competitors

• Lack of media coverage

• Shareholders not supporting the transaction

• Regulatory risk