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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

47.09USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Textron announces acquisition of Arctic Cat
Monday, 6 Mar 2017 05:25pm EST 

Textron Inc :Textron announces acquisition of Arctic Cat, a leading company in the recreational vehicle industry.  Full Article

Textron files for potential notes offering due 2027 - SEC filing
Monday, 27 Feb 2017 08:30am EST 

Textron Inc :Files for potential notes offering due 2027; size not disclosed - sec filing.  Full Article

Textron says awarded 5-yr follow-on contract from U.S. Air force
Tuesday, 7 Feb 2017 09:16am EST 

Textron Inc :Awarded a five-year follow-on contract from U.S. Air force for Afghan trainer contractor logistics support.  Full Article

Textron unit offers to buy Arctic Cat at $18.50/shr - SEC filing
Thursday, 2 Feb 2017 08:15am EST 

Arctic Cat Inc : Aces Acquisition Corp - offering to purchase all outstanding shares, par value $0.01 per share of Arctic Cat at a price of $18.50/share - SEC filing . Aces Acquisition Corp says there is no financing condition to the offer for Arctic Cat .Aces Acquisition Corp., is a direct wholly owned subsidiary of Textron Specialized Vehicles Inc, which is a direct wholly owned subsidiary of Textron Inc.  Full Article

Arctic Cat upon termination of deal under specified circumstances to pay Textron of $7.4 mln
Wednesday, 25 Jan 2017 09:02am EST 

Arctic Cat Inc :Arctic Cat -upon termination of deal under specified circumstances, co will be required to pay Textron a termination fee of $7.4 million.  Full Article

Textron says price pressure in Q4 hurt business jet volume - Conf call
Wednesday, 25 Jan 2017 09:00am EST 

Textron Inc : Says expect growth in industrial and systems businesses in 2017, with flat revenue at Bell and aviation units . Says lowering production in 2017 for certain Citation model aircraft, excluding Latitude jets . Says lot of price pressure in Q4 on rest of Citation jets, other than Latitude, hurt volume; Says co was not willing to sell its jets at such low price levels Further company coverage: [TXT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Arctic Cat says they will become part of Textron's specialized vehicles business
Wednesday, 25 Jan 2017 06:32am EST 

Arctic Cat Inc :Says Arctic Cat will become part of Textron's specialized vehicles business.  Full Article

Textron sees FY 2017 revenue about $14.3 billion
Wednesday, 25 Jan 2017 06:02am EST 

Textron Inc : Textron reports fourth quarter 2016 results; enters agreement to acquire Arctic Cat Inc.; announces 2017 financial outlook . Q4 earnings per share $0.78 from continuing operations . Sees FY 2017 revenue about $14.3 billion . Q4 revenue $3.8 billion versus I/B/E/S view $4.05 billion . Q4 earnings per share view $0.87 -- Thomson Reuters I/B/E/S . Q4 adjusted non-GAAP earnings per share $0.80 from continuing operations excluding items . Textron Inc - 2017 GAAP earnings per share from continuing operations will be in range of $2.40 to $2.65, or $2.50 to $2.70 on an adjusted basis . Textron aviation backlog at end of Q4 was $1.0 billion, down $73 million from end of Q3 . Bell backlog at end of Q4 was $5.4 billion, up $416 million from end of Q3 . Textron Inc - Announced that it has reached a definitive agreement to acquire Arctic Cat Inc. . Textron Inc says has agreed to make a cash tender offer for all outstanding shares of Arctic Cat common stock at a price of $18.50 per share . Textron Inc says board of directors approved a new authorization for repurchase of up to 25 million shares . Textron Inc - Cash transaction valued at approximately $247 million, plus assumption of existing debt . FY2017 earnings per share view $2.93, revenue view $14.39 billion -- Thomson Reuters I/B/E/S.  Full Article

U.S. CPSC says Textron recalls about 1,100 Bad Boy off-road utility vehicles
Wednesday, 11 Jan 2017 10:00am EST 

U.S. Consumer Product Safety Commission - : U.S. Consumer Product Safety Commission - Textron Inc announces recall of about 1,100 Bad Boy off-road utility vehicles . U.S. CPSC - Recall involves Bad Boy XTO and Bone Collector XTO model off-road utility vehicles manufactured by Textron Specialized Vehicles . U.S. CPSC - As a result of vehicles rolling over, a 14-year-old male passenger died in Toombs County, Georgia in 2014 .U.S. CPSC - In a separate rollover incident, an adult male operator suffered a serious leg injury.  Full Article

Mueller Water Products says announces sale of Anvil International
Monday, 9 Jan 2017 06:33am EST 

Mueller Water Products Inc : Mueller water products announces sale of anvil international . Mueller water products inc - has authorized total share repurchases of up to $250 million which incorporates current authorization. . Mueller water products inc - deal for $315 million . Mueller water products inc - board of directors has increased company's quarterly dividend by 33 percent to $0.04 per share . Mueller water products inc - named j. Scott hall president and chief executive officer . Mueller water products inc - hyland will continue with company as executive chairman. . Mueller water products inc - new ceo j. Scott hall was formerly president and ceo of textron inc.'s industrial segment .Mueller water products inc - sold its anvil international division to one equity partners.  Full Article

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BRIEF-Textron announces acquisition of Arctic Cat

* Textron announces acquisition of Arctic Cat, a leading company in the recreational vehicle industry Source text for Eikon: Further company coverage: