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Stock Market & Financial Investment News

News Breaks
March 14, 2014
10:22 EDTTXTTextron completes acquisition of Beechcraft
Textron announced it has closed its acquisition of Beech Holdings, the parent of Beechcraft Corporation, and that it will bring together its Cessna business and Beechcraft to form a new segment called Textron Aviation. Cessna and Beechcraft together produced about $4.6B in revenues during 2013. Under the terms of the transaction, Textron purchased all outstanding equity interests in Beech Holdings for approximately $1.4B in cash. Textron financed the purchase of the equity as well as the repayment of Beechcraft’s working capital debt through a combination of available cash, the issuance of $600M in senior notes and drawing $500M under a new five-year term loan.
News For TXT From The Last 14 Days
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November 20, 2014
07:35 EDTTXTTextron price target raised to $52 from $46 at Jefferies
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November 14, 2014
12:29 EDTTXTTextron management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco on November 17-18 hosted by Jefferies.
November 13, 2014
10:02 EDTTXTHoneywell selected as production aircraft engine supplier for AirLand Scorpion
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