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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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January 30, 2015
08:43 EDTTXTTextron upgraded at BofA/Merrill
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06:02 EDTTXTTextron upgraded to Buy from Neutral at BofA/Merrill
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January 29, 2015
12:14 EDTTXTUnited Technologies' future options discussed by The Deal
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January 28, 2015
06:33 EDTTXTTextron reports Q4 Textron Aviation revenue $1.52B, Q4 Bell revenue $1.07B
Reports Q4 Textron Systems revenue $621M; Reports Q4 Industrial revenue $862M; Reports Q4 Finance revenue $22M.
06:32 EDTTXTTextron sees FY15 EPS $2.30-$2.50, consensus $2.56
Sees FY15 revenue of approximately $14.4B, consensus $14.73B. The company is estimating cash flow from continuing operations of the manufacturing group before pension contributions will be between $550 and $650 million with planned pension contributions of about $80 million.
06:31 EDTTXTTextron reports Q4 EPS cont ops 76c, consensus 76c
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January 27, 2015
15:35 EDTTXTNotable companies reporting before tomorrow's open
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