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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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February 4, 2016
07:08 EDTTXTCowen to hold a forum
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February 3, 2016
15:36 EDTTXTBeechcraft signs T-6C contract for the UK Military Flying Training System
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February 2, 2016
11:50 EDTTXTOptions with increasing put volume; BKLN AKS ROK MCHP EXXI TPX ALU TXT RCL
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February 1, 2016
11:16 EDTTXTTextron unit awarded contract with SpetsTechnoExport for sale of SCTVs
Textron Systems Marine & Land Systems, a Textron Inc. business, announced a contract with SpetsTechnoExport, a subsidiary of Ukroboronprom, for the sale of three Survivable Combat Tactical Vehicles, or SCTVs. This agreement marks the first sale of the SCTV for Textron Systems Marine & Land Systems. The contract entails the sale of three SCTVs that will be delivered to Ukraine in an ongoing effort to improve the survivability and mobility of its light tactical vehicle fleet.
07:18 EDTTXTTextron management to meet with Deutsche Bank
Field trip to company headquarters to be held in Providence, RI on February 1 hosted by Deutsche Bank.

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