Report: Middle East consortium to bid on Textron

04/10/2009 | Reuters

Shares of Cessna parent Textron jumped nearly 50% on Thursday following Kuwaiti newspaper reports that a consortium of Middle Eastern companies planned to offer $21 a share for the company. "Compared with earlier press speculation that has focused on large defense contractors as potential acquirers of Textron, the interest from a Middle East consortium would appear to make more sense," one analyst noted. A week of takeover rumors has spurred an 80% increase in shares of Textron, which also makes Bell helicopters and armored vehicles for the military.

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
DUTY DIRECTOR, IOC
American Airlines
Fort Worth, TX
Aircraft Records Specialist
JetSuite
Irvine, CA
Inflight Entertainment Engineer
Virgin America
Burlingame, CA
Station Manager
Airport Terminal Services
Columbus, OH
Financial Analyst
Frontier Airlines, Inc.
Denver, CO