Textron to buy Beechcraft for $1.4 billion
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DE Textron (TXT. N), cessna aircraft maker, said the acquisition of aircraft manufacturers beach group company provide about 140 billion in cash, in a deal, DE long see extended its aviation business.DE long shares rose about 3% in after-hours trading after the deal was announced.Beach from bankruptcy protection in February and is looking for buyers of jet business, has been losing money.DE matter, it also makes the bell helicopter, said it plans to aid through the available cash and the combination of up to 11 billion in new debt deal.The agreement is a budget deal in the United States, experts say a series of mergers and acquisitions can foil the most powerful in the aerospace and defense sector one of the biggest in years.If he is able to find a higher bidder, things will have to pay a $48 million termination of feder, beach said in a statement.