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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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April 28, 2015
06:33 EDTTXTTextron reports Q1 Textron Aviation revenue $1.05B
Reports Q1 Bell revenue $813M; Reports Q1 Textron Systems revenue $315M; Reports Q1 Industrial revenue $872M; Reports Q1 Finance revenue $22M.
06:32 EDTTXTTextron backs FY15 EPS $2.30-$2.50, consensus $2.52
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06:31 EDTTXTTextron reports Q1 EPS cont ops 46c, consensus 48c
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April 27, 2015
15:04 EDTTXTNotable companies reporting before tomorrow's open
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April 22, 2015
13:01 EDTTXTTRU Simulatoin + Training signs agreement to provide simulator for Pan Am
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