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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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September 26, 2014
10:01 EDTTXTOn The Fly: Analyst Upgrade Summary
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07:41 EDTTXTTextron upgraded at Stifel
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06:47 EDTTXTFAA drone decision could be milestone, NY Times says
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06:11 EDTTXTTextron upgraded at Stifel
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September 25, 2014
21:36 EDTTXTTextron upgraded to Buy from Hold at Stifel
September 24, 2014
11:30 EDTTXTAAR Corp. plummets after results miss estimates, outlook lowered
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05:07 EDTTXTTRU Simulation + Training to provide A320 FFS X to Ansett Aviation Training
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September 23, 2014
08:38 EDTTXTBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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05:18 EDTTXTTextron company to provide China Express Airlines with CRJ 900 FFS X
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September 18, 2014
12:48 EDTTXTTextron unit announces training center expansion
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