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Textron Inc. Message Board

  • right_queen right_queen Oct 2, 2012 3:16 PM Flag

    M&As including Spinoffs

    So now we know what is likely holding up spin-off of one of Textron's business units as they announced earlier this year. Check out this link and a quote from one of the most respected Aerospace Business experts at Deloitte, Tom Captain. Perhaps explains why institutional investros are accumulating, waiting for deal to be made later this year.

    Just look at yahoo finance news for TXT and reuters article "Budget cuts continue to hit global arms makers' revenues-report"

    Of particular interest is what he said (below)-

    "Merger and acquisition activity had stalled until the budget
    outlook was clearer, but would likely pick up once Congress and
    the Obama administration reached a deal on the additional budget
    cuts slated to take effect in January, he said.
    He said Deloitte was advising companies on a number of M&A
    activities, including spinoffs, carve-outs and acquisitions, but
    he did not expect any of those deals to conclude until the
    budget outlook was clearer."

    Sentiment: Strong Buy

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    • I think I stated that months ago; nothing will be done until the situation ('fiscal cliff') becomes clearer.

      I also, however, doubt there will be any major spinoff. Bell & Cessna *are* Textron, sever either and there is no more TXT. Systems is not worth it in this environment. Industrial is a good little player, but won't get a premium. What's left?

      And they didn't 'announce' a spinoff. The CEO said it was something they would think about if it made sense.

      I do think there will be a dividend increase in 1Q13, however.

      Sentiment: Hold

    • Do you think they might be referring to EADS/BAE ? Our likely cuts for public consumption might be the V-22 and stretching deliveries out...good to see you on this wacky reverse board....too bad we couldn't short the sucess and usefulness on it!
      K

 
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